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sans-serif!important;}</style> </head> <body> <script type="application/json" id="bnc-cpl-headers" nonce="49b6b05e-6278-441c-9c7d-3b6a4c2eea7b">{}</script><div id="__APP"><div class="css-gpt1ua emq16jn0"><div></div></div><div class="css-0"><div class="css-aa2yx7"><div class="css-1uhxyyb"><div class="css-wcquo4"><div class="css-g5rsps e4o4ke10"><div class="css-1j2hb68"><a title="Home" class="css-11590kr e3gfchs0" href="/en/"><div class="css-nybri6 e10oxksb0">Home</div></a><a title="Glossary" class="css-11590kr e3gfchs0" href="/en/glossary"><div class="css-nybri6 e10oxksb0">Glossary</div></a><div class="css-cijxjj e10oxksb0">Blockchain</div></div><h1 class="css-wb6aqo eis1zsm0">Blockchain</h1><div class="css-11w9015"><div class="css-11wixuj e1tu9fjz0"><div class="css-1pyf6yx ehtub1d0"></div>Beginner</div></div><div class="css-13l1dht e18tjeot2">In a few words, a <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/how-does-blockchain-work" class="css-3r945m e10oxksb0">blockchain</a> is a digital ever-growing list of data records. Such a list is comprised of many blocks of data, which are organized in chronological order and are linked and secured by cryptographic proofs.</div><div class="css-13l1dht e18tjeot2">The first prototype of a blockchain is <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/history-of-blockchain" class="css-3r945m e10oxksb0">dated back</a> to the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta applied cryptographic techniques in a chain of blocks as a way to secure digital documents from data tampering. The work of Haber and Stornetta certainly inspired the work of Dave Bayer, Hal Finney, and many other computer scientists and cryptography enthusiasts - which eventually lead to the creation of <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/what-is-bitcoin" class="css-3r945m e10oxksb0">Bitcoin</a>, as the first decentralized electronic cash system (or simply the first <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/what-is-cryptocurrency" class="css-3r945m e10oxksb0">cryptocurrency</a>). The Bitcoin <a target="_blank" rel="noopener noreferrer" href="https://bitcoin.org/bitcoin.pdf" class="css-3r945m e10oxksb0">whitepaper</a> was published in 2008 under the pseudonym <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/glossary/satoshi-nakamoto" class="css-3r945m e10oxksb0">Satoshi Nakamoto</a>.</div><p class="css-13l1dht e18tjeot2">Although the blockchain technology is older than Bitcoin, it is a core underlying component of most cryptocurrency networks, acting as a decentralized, distributed and public digital ledger that is responsible for keeping a permanent record (chain of blocks) of all previously confirmed transactions.</p><div class="css-13l1dht e18tjeot2">Blockchain transactions occur within a peer-to-peer network of globally distributed computers (<a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/what-are-nodes" class="css-3r945m e10oxksb0">nodes</a>). Each node maintains a copy of the blockchain and contributes to the functioning and security of the network. This is what makes Bitcoin a decentralized digital currency that is borderless, censorship-resistant, and that does not require third-party intermediation.</div><p class="css-13l1dht e18tjeot2">As a distributed ledger technology (DLT) the blockchain is intentionally designed to be highly resistant to modification and frauds (such as double-spending). This is true because the Bitcoin blockchain, as a database of records, cannot be altered, nor can it be tampered without an impractical amount of electricity and computational power - which means the network can enforce the concept of "original" digital documents, making each Bitcoin a very unique and un-copyable form of digital currency.</p><div class="css-13l1dht e18tjeot2">The so-called <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/proof-of-work-explained" class="css-3r945m e10oxksb0">Proof of Work</a> consensus algorithm is what made it possible for Bitcoin to be built as a <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/byzantine-fault-tolerance-explained" class="css-3r945m e10oxksb0">Byzantine fault tolerance (BFT)</a> system, meaning that its blockchain is able to operate continuously as a distributed network, even if some of the participants (nodes) present dishonest behavior or inefficient functionality. The Proof of Work consensus algorithm is an essential element of the Bitcoin <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/what-is-cryptocurrency-mining" class="css-3r945m e10oxksb0">mining process</a>.</div><div class="css-13l1dht e18tjeot2">The technology of blockchain may also be adapted and implemented in other activities, such as <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/blockchain-use-cases-healthcare" class="css-3r945m e10oxksb0">healthcare</a>, insurance, <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/blockchain-use-cases-supply-chain" class="css-3r945m e10oxksb0">supply chain</a>, <a target="_blank" rel="noopener noreferrer" href="https://academy.binance.com/en/articles/blockchain-use-cases-the-internet-of-things" class="css-3r945m e10oxksb0">IOT</a>, and so on. 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Let’s study together!","binance-academy-study-week":"Product Guides","binance-academy-submit-guidelines":"Submission Guidelines","binance-academy-subscribe":"Subscribe","binance-academy-take-a-crypto-quiz":"Take a crypto quiz","binance-academy-take-closer-look-at-our-blockchain-crypto-glossary":"Take a closer look at our blockchain \u0026 crypto glossary.","binance-academy-take-quiz":"Take the Quiz","binance-academy-terms-cons":"Terms \u0026 Conditions","binance-academy-the-words-of-crypto":"The Words of Crypto","binance-academy-theme":"Theme","binance-academy-time-to-understand-the-language":"Time to understand the language","binance-academy-title":"Title","binance-academy-toc":"Table of Contents","binance-academy-topbar-button-content":"Earn now","binance-academy-topbar-content":"Discover Projects And Earn Free Crypto with Binance Learn and Earn!","binance-academy-topics":"Topics","binance-academy-topics-at-academy":"Topics at Academy","binance-academy-total-btc-in-circulation":"Total BTC in circulation","binance-academy-total-btc-to-ever-be-produced":"Total BTC to ever be produced","binance-academy-trading":"Trading","binance-academy-trans-guidelines":"Translation Guidelines","binance-academy-trending":"Trending","binance-academy-trust-wallet":"Trust Wallet","binance-academy-trust-wallet-menu-outline":"Binance's official crypto wallet","binance-academy-try-again":"Try again","binance-academy-try-out-academy-quizzes":"Try out Academy Quizzes!","binance-academy-university-course":"University Course","binance-academy-up-for-adventure":"Up for an adventure?","binance-academy-update-question":"Update question","binance-academy-updated":"Updated","binance-academy-verify-now":"Verify Now","binance-academy-we-are-working-on-more-quizzes":"We’re working on getting more quizzes ready.","binance-academy-while-wait-why-not-checkout-our":"While you wait, why not check out our","binance-academy-you-completed-desc":"You have now completed all the modules within this course and awarded a course certificate. 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Please resubmit","learn-and-earn-active-popup-kyc-refused-title":"You can still make it","learn-and-earn-active-popup-kyc-required-content":"Thank you for registering on Binance","learn-and-earn-active-popup-kyc-required-countdown":"Complete Identity Verification within {{countdown}} to claim your reward","learn-and-earn-active-popup-kyc-required-cta-button":"Verify Now","learn-and-earn-active-popup-kyc-required-step2":"Complete Identity Verification","learn-and-earn-active-popup-kyc-required-title":"Your reward is waiting","learn-and-earn-active-popup-kyc-review-content":"You will receive the reward once your Identity Verification is complete","learn-and-earn-active-popup-kyc-review-cta-button":"Check Verification Status","learn-and-earn-active-popup-kyc-review-step2":"Identity Verification is under review","learn-and-earn-active-popup-kyc-review-title":"Your free {{income}} {{asset}} is almost ready","learn-and-earn-active-popup-registered-disclaimer":"For more information, please refer to {{terms}}.","learn-and-earn-active-popup-risk-passed-content":"Congrats! Your reward has been credited to your account. To redeem the token voucher reward, log in to your account and go to Reward Center.","learn-and-earn-active-popup-risk-passed-cta-button":"Claim your reward","learn-and-earn-active-popup-risk-passed-title":"Your free {{income}} {{asset}} reward is ready","learn-and-earn-active-popup-risk-review-content":"You can claim your reward soon. Download the Binance App now to discover more promotions while you wait.","learn-and-earn-active-popup-risk-review-cta-button":"Download Binance App","learn-and-earn-active-popup-risk-review-title":"Your reward is almost ready","learn-and-earn-active-popup-risk-suspended-content":"There is something wrong with your account. Download the Binance App for more information","learn-and-earn-active-popup-risk-suspended-cta-button":"Download Binance App","learn-and-earn-active-popup-risk-suspended-title":"You are not eligible for the reward","learn-and-earn-course-eligible-notification-text":"The reward for this course is not available for your country/region.","learn-and-earn-course-not-rewarded":"Earn {{rewards}}","learn-and-earn-course-quiz-button":"Start Quiz","learn-and-earn-course-quiz-button-tip":"You need to finish the whole course first.","learn-and-earn-course-quiz-button-tip-before-kyc":"Complete all the courses and verify your account to start the quiz.","learn-and-earn-course-reward-all-redeemed":"All rewards redeemed, stay tuned!","learn-and-earn-course-rewarded":"{{rewards}} Rewarded","learn-and-earn-course-staking-not-rewarded":"Earn {{rewards}} total Staking rewards","learn-and-earn-course-staking-reward-apy":"APR","learn-and-earn-course-staking-reward-daily-amount":"Est. 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This promotion is eligible for new users only.","learn-and-earn-not-qualified-dialog-title":"Sorry","learn-and-earn-passive-popup-button":"Claim Now","learn-and-earn-passive-popup-content":"Register on Binance and complete Identity Verification in {{duration}} to claim the reward","learn-and-earn-passive-popup-disclaimer":"Eligible for new Binance users only. For more information, please refer to {{terms}}.","learn-and-earn-passive-popup-heading":"{{income}} {{asset}}","learn-and-earn-passive-popup-terms":"Terms and Conditions","learn-and-earn-passive-popup-title":"Claim your free {{income}} {{asset}} today","learn-and-earn-quiz-back-dialog-cancel":"Cancel","learn-and-earn-quiz-back-dialog-confirm":"Confirm","learn-and-earn-quiz-back-dialog-content":"Your quiz progress will be lost.","learn-and-earn-quiz-back-dialog-title":"Exit Quiz?","learn-and-earn-quiz-back-title":"Course details","learn-and-earn-quiz-completed":"Quiz Completed","learn-and-earn-quiz-completed-cta-button":"Share","learn-and-earn-quiz-completed-desc":"Thank you for your participation. We will review and announce the results via the Reward History page. You may refer to the page {{hours}} hours later. For other terms/conditions, please click \u003chere-link\u003ehere\u003c/here-link\u003e.","learn-and-earn-quiz-completed-desc-1":"Congratulation! Your reward is being processed, you can check your reward history for the status.","learn-and-earn-quiz-completed-desc-2":"Or you can check your rewards from the Reward Center within {{hours}} hours.","learn-and-earn-quiz-completed-staking-desc-1":"Congratulation! Your reward is being processed, you can check your reward history for the status.","learn-and-earn-quiz-completed-staking-desc-2":"Or you can check your rewards under Earn within {{hours}} hours.","learn-and-earn-quiz-earn-center-link":"Earn Center","learn-and-earn-quiz-incomplete":"Quiz Failed","learn-and-earn-quiz-incomplete-cta-button":"Retake Quiz","learn-and-earn-quiz-incomplete-desc":"To unlock the rewards for this course, you need to answer all questions correctly. Please try again.","learn-and-earn-quiz-muti":"(Select all that apply)","learn-and-earn-quiz-next-question":"Next Question","learn-and-earn-quiz-question":"Question","learn-and-earn-quiz-result-all-redeemed-desc":"Check out the other courses for available rewards.","learn-and-earn-quiz-result-all-redeemed-title":"All rewards have been redeemed","learn-and-earn-quiz-reward-center-link":"Reward Center","learn-and-earn-quiz-share-staking-subtitle":"I earned {{reward}} total staking rewards with {{apy}} APR by completing this course! Earn yours now!","learn-and-earn-quiz-share-subtitle":"I earned {{amount}} by completing this course. Let's earn together!","learn-and-earn-quiz-share-subtitle2":"I earned {{amount}} and {{total}} other rewards by completing this course. Let's earn together!","learn-and-earn-quiz-share-title":"Binance Learn \u0026 Earn","learn-and-earn-quiz-single":"(Select the best answer)","learn-and-earn-quiz-submit":"Submit","learn-and-earn-quiz-view-courses-link":"View other courses","learn-and-earn-quiz-viewResult":"View Results","learn-and-earn-restricted-region-cta":"View Courses","learn-and-earn-restricted-region-desc":"The course is not available in your region, please explore other courses.","learn-and-earn-reward-empty":"Default: if Reward else empty.","learn-and-earn-reward-history-button":"Start Learning","learn-and-earn-reward-history-method-cash-voucher":"Cash Voucher","learn-and-earn-reward-history-method-crypto":"Crypto","learn-and-earn-reward-history-method-locked-staking":"Locked Staking","learn-and-earn-reward-history-nodata":"No data","learn-and-earn-reward-history-notEligible":"Not eligible","learn-and-earn-reward-history-processing":"Processing","learn-and-earn-reward-history-processing-tips":"Campaign results are currently under review. It will be made available {{hours}} hours later. For other terms/conditions, please click \u003chere-link\u003ehere\u003c/here-link\u003e.","learn-and-earn-reward-history-th1":"Course Name","learn-and-earn-reward-history-th2":"Reward","learn-and-earn-reward-history-th3":"Reward Type","learn-and-earn-reward-history-th4":"Date Rewarded","learn-and-earn-reward-history-tips":"Rewards cannot be distributed due to risk control reasons.","learn-and-earn-reward-history-title":"Reward History","learn-and-earn-risk-control-notification-btn":"Appeal","learn-and-earn-risk-control-notification-text":"Unfortunately, because you have violated Binance's Terms of Use, you cannot participate in the quiz to receive rewards.","learn-and-earn-sub-account-limitation":"Sub-accounts shall not be eligible to participate or receive any rewards.","learn-and-earn-subaccount-notification-text":"The quiz will not appear at the end as you are logging with sub account","learn-and-earn-tag-text-ended":"Ended","learn-and-earn-tag-text-ongoing":"Ongoing","learn-and-earn-taken-course-before":"You have taken this course before, please explore other courses.","learn-and-earn-title":"Learn \u0026 Earn","learn-and-earn-view-other-course":"View other courses","learn_and_earn_not_eligible_to_claim_rewards":"Sorry, you are not eligible for this promotion. View promotion rules for more details.","learn_and_earn_not_eligible_to_claim_rewards_homepage":"You are not eligible for this promotion, please check the rules.","learn_and_earn_not_eligible_to_claim_rewards_staking":"This quiz and reward is only eligible for users who had no Staking record before.","learn_and_earn_reward-empty":"Default: if Reward else empty","navigation-dashboard":"Dashboard","navigation-login":"Log In","navigation-logout":"Log Out","navigation-register":"Register","navigation-unverified":"Unverified","navigation-verified":"Verified","partner-become-partner":"Become a partner","partner-contact-us-button":"Contact us","partner-contact-us-desc":"Get the latest in crypto dropped to your email, every week.","partner-contact-us-title":"Need more information?","partner-educate-joint-effort-title":"A joint effort to educate, engage \u0026 empower students in Web3","partner-headline-title":"Drive the future of crypto with Web3 education today","partner-hear-from-partner":"Hear from our Partners \u0026 Students","partner-hear-from-partner-author1- introduce":"Masters Student, HEC Paris","partner-hear-from-partner-author1-introduce":"Masters Student, HEC Paris","partner-hear-from-partner-author2- introduce":"CEO, Treccani Futura","partner-hear-from-partner-author2-introduce":"CEO, Treccani Futura","partner-hear-from-partner-desc1":"Binance Academy's Global Education Initiative is so beneficial to me as a student. I've learned so much from their webinars/workshops. They truly foster a crypto learning environment for students.... We love their mission of bringing accessible crypto education to all, and look forward to collaborating with them on future blockchain courses \u0026 programs.","partner-hear-from-partner-desc2":"Understanding the present and future scenarios in the fintech space is a necessity for young people. Together with Binance Academy, we are focused on bringing more awareness to Web3 \u0026 blockchain in our universities. Italy is focused on \"Finance of the Future\" and being part of the Binance Global Education Initiative allows us to realise this ambition.","partner-hero- description":"Binance Academy offers tools and resources for your organization to skill up and scale up. Become a partner and get access to all these tools and more.","partner-hero-button":"APPLY NOW","partner-hero-desc-1":"Binance Academy provides free \u0026 localized education on blockchain technology. Our mission is to educate the world about blockchain and the potential of Web3.","partner-hero-desc-2":"Join the Binance Student Ambassador program to drive crypto adoption and education at your school!","partner-hero-description":"Binance Academy offers tools and resources for your organization to skill up and scale up. Become a partner and get access to all these tools and more.","partner-hero-title":"Partner with us to educate the world about Web3.","partner-institutions":"Institutions","partner-landing-info-desc1-1":"Blockchain, crypto \u0026 Web3 courses with career certificates","partner-landing-info-desc1-2":"Hackathons \u0026 mentorships for your students","partner-landing-info-desc1-3":"Enroll your school in our Student Ambassador program","partner-landing-info-desc1-4":"Free workshops \u0026 webinars","partner-landing-info-desc2-1":"Help spread the knowledge of Web3 to your peers on campus","partner-landing-info-desc2-2":"Kickstart your Web3 career with training \u0026 certifications","partner-landing-info-desc2-3":"Exclusive event invites \u0026 networking opportunities","partner-landing-info-desc2-4":"Gain exposure to to Web3 businesses \u0026 partnerships","partner-landing-info-desc3-1":"We offer foundational content for beginners","partner-landing-info-desc3-2":"An extensive crypto resource library to deepen knowledge","partner-landing-info-desc3-3":"Advanced curriculum and blockchain career certifications","partner-landing-info-desc3-4":"Co-develop curriculum and courses with our team","partner-landing-info-desc4-1":"Train your workforce with skills needed in Web3","partner-landing-info-desc4-2":"Support underprivileged communities with blockchain technology","partner-landing-info-desc4-3":"Expert advice for crypto \u0026 blockchain education policy-making","partner-landing-info-desc4-4":"Available in multiple languages","partner-landing-info-subtitle1":"Empower Your Faculty \u0026 Greater Community","partner-landing-info-subtitle2":"Join the Binance Student Ambassador Program","partner-landing-info-subtitle3":"Ensure your students are equipped for Web3","partner-landing-info-subtitle4":"Work together to help scale blockchain education","partner-landing-info-title1":"Universities \u0026 Colleges","partner-landing-info-title2":"Online Learning Platforms","partner-landing-info-title3":"Government \u0026 NGOs","partner-partnership":"Partnership","partner-student-ambassador":"Student Ambassador","partner-student-angel":"Be a Student Ambassador","partner-student-angel-benefits":"Student Ambassador Benefits","partner-student-angel-benefits-icon-text1":"Exclusive Invites to Events","partner-student-angel-benefits-icon-text2":"Networking \u0026 Mentorship","partner-student-angel-benefits-icon-text3":"Exclusive SWAG \u0026 merchandise","partner-student-angel-benefits-icon-text4":"Internship \u0026 Job Opportunities","partner-student-angel-benefits-icon-text5":"Web3 Training and Certificates","partner-student-angel-why-apply":"Why should you apply?","partner-student-angel-why-apply-card1-desc":"Be your campus champion for everything crypto. Connect with other students who share your passion for blockchain and Web3 and help spread knowledge of the technology to all your peers.","partner-student-angel-why-apply-card1-title":"Make a Difference","partner-student-angel-why-apply-card2-desc":"The program is a fantastic addition to any resume. Grow your skills and build your reputation as a Web3 pioneer. Kickstart your career with training and certifications, support for virtual events, and unique access to experts and mentors.","partner-student-angel-why-apply-card2-title":"Future Career Prospects","partner-student-angel-why-apply-card3-desc":"Become a leader in your local tech community and empower your peers on campus. Host Web3 events, offer guidance to other students and gain exposure to Web3 businesses and potential sponsorships.","partner-student-angel-why-apply-card3-title":"Leadership Experience","partner-we-work-government":"Governments","partner-we-work-k12":"K12","partner-we-work-ngo":"NGOs","partner-we-work-ole":"Online Learning Platforms","partner-we-work-title":"Who we work with","partner-we-work-university":"Universities","partner-we-work-vcs":"Vocational Schools","share-poster-dialogTitle":"Share","share-poster-download":"Download","share-poster-share":"Share","test":"test"}},"initialTheme":0,"isReferralApi":"false","courseMenu":[{"resourceKey":"Academy","name":"Academy","trackList":[{"resourceKey":"beginner-track","name":"Beginner Track"},{"resourceKey":"intermediate-track","name":"Intermediate Track"}]},{"resourceKey":"Specialization-Course","name":"Specialization Course","trackList":[{"resourceKey":"bnb-chain-developer-specialization","name":"BNB Chain Developer Specialization"}]},{"resourceKey":"University-Course","name":"University Course","trackList":[{"resourceKey":"blockchain-mastery-from-fundamentals-to-advanced-corporate-solutions","name":"Blockchain Mastery"},{"resourceKey":"blockchain-and-p2p-fundamentals","name":"Blockchain and P2P Fundamentals"},{"resourceKey":"digital-assets-and-blockchain-industry","name":"Digital Assets and Blockchain Industry"}]}]},"1f53":{"glossary":{"id":3,"title":"Blockchain","slug":"blockchain","meta":"Blockchain | Definition: A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronological order.","excerpt":"A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronological order.","content":"\u003cp dir=\"ltr\"\u003eIn a few words, a \u003ca href=\"https://academy.binance.com/en/articles/how-does-blockchain-work\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eblockchain\u003c/a\u003e is a digital ever-growing list of data records. Such a list is comprised of many blocks of data, which are organized in chronological order and are linked and secured by cryptographic proofs.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe first prototype of a blockchain is \u003ca href=\"https://academy.binance.com/en/articles/history-of-blockchain\" rel=\"noopener noreferrer\" target=\"_blank\"\u003edated back\u003c/a\u003e to the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta applied cryptographic techniques in a chain of blocks as a way to secure digital documents from data tampering. The work of Haber and Stornetta certainly inspired the work of Dave Bayer, Hal Finney, and many other computer scientists and cryptography enthusiasts - which eventually lead to the creation of \u003ca href=\"https://academy.binance.com/en/articles/what-is-bitcoin\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eBitcoin\u003c/a\u003e, as the first decentralized electronic cash system (or simply the first \u003ca href=\"https://academy.binance.com/en/articles/what-is-cryptocurrency\"\u003ecryptocurrency\u003c/a\u003e). The Bitcoin \u003ca href=\"https://bitcoin.org/bitcoin.pdf\" rel=\"noopener noreferrer\" target=\"_blank\"\u003ewhitepaper\u003c/a\u003e was published in 2008 under the pseudonym \u003ca href=\"https://academy.binance.com/en/glossary/satoshi-nakamoto\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eSatoshi Nakamoto\u003c/a\u003e.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eAlthough the blockchain technology is older than Bitcoin, it is a core underlying component of most cryptocurrency networks, acting as a decentralized, distributed and public digital ledger that is responsible for keeping a permanent record (chain of blocks) of all previously confirmed transactions.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eBlockchain transactions occur within a peer-to-peer network of globally distributed computers (\u003ca href=\"https://academy.binance.com/en/articles/what-are-nodes\" rel=\"noopener noreferrer\" target=\"_blank\"\u003enodes\u003c/a\u003e). Each node maintains a copy of the blockchain and contributes to the functioning and security of the network. This is what makes Bitcoin a decentralized digital currency that is borderless, censorship-resistant, and that does not require third-party intermediation.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eAs a distributed ledger technology (DLT) the blockchain is intentionally designed to be highly resistant to modification and frauds (such as double-spending). This is true because the Bitcoin blockchain, as a database of records, cannot be altered, nor can it be tampered without an impractical amount of electricity and computational power - which means the network can enforce the concept of \u0026quot;original\u0026quot; digital documents, making each Bitcoin a very unique and un-copyable form of digital currency.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe so-called \u003ca href=\"https://academy.binance.com/en/articles/proof-of-work-explained\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eProof of Work\u003c/a\u003e consensus algorithm is what made it possible for Bitcoin to be built as a \u003ca href=\"https://academy.binance.com/en/articles/byzantine-fault-tolerance-explained\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eByzantine fault tolerance (BFT)\u003c/a\u003e system, meaning that its blockchain is able to operate continuously as a distributed network, even if some of the participants (nodes) present dishonest behavior or inefficient functionality. The Proof of Work consensus algorithm is an essential element of the Bitcoin \u003ca href=\"https://academy.binance.com/en/articles/what-is-cryptocurrency-mining\" rel=\"noopener noreferrer\" target=\"_blank\"\u003emining process\u003c/a\u003e.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe technology of blockchain may also be adapted and implemented in other activities, such as \u003ca href=\"https://academy.binance.com/en/articles/blockchain-use-cases-healthcare\" rel=\"noopener noreferrer\" target=\"_blank\"\u003ehealthcare\u003c/a\u003e, insurance, \u003ca href=\"https://academy.binance.com/en/articles/blockchain-use-cases-supply-chain\" rel=\"noopener noreferrer\" target=\"_blank\"\u003esupply chain\u003c/a\u003e, \u003ca href=\"https://academy.binance.com/en/articles/blockchain-use-cases-the-internet-of-things\" rel=\"noopener noreferrer\" target=\"_blank\"\u003eIOT\u003c/a\u003e, and so on. Although it was designed to operate as a distributed ledger (on decentralized systems), it may also be deployed on centralized systems as a way to assure \u003ca href=\"https://academy.binance.com/en/articles/what-makes-a-blockchain-secure\" rel=\"noopener noreferrer\" target=\"_blank\"\u003edata integrity\u003c/a\u003e or to reduce operational costs.\u003c/p\u003e","author":"Binance Academy","visible":true,"related":[{"id":3,"title":"Blockchain","slug":"blockchain","excerpt":"A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronological order.","visible":true},{"id":4,"title":"Cryptocurrency","slug":"cryptocurrency","excerpt":"A digital currency that is secured by cryptography to work as a medium of exchange within a peer-to-peer (P2P) economic system.","visible":true},{"id":6,"title":"Exchange","slug":"exchange","excerpt":"A marketplace for cryptocurrencies where users can buy and sell coins.","visible":true},{"id":46,"title":"Candidate Block","slug":"candidate-block","excerpt":"A temporary block created by a mining node (miner) to add to the blockchain to receive the block rewards.","visible":true},{"id":55,"title":"Bitcoin","slug":"bitcoin","excerpt":"A cryptocurrency created by the pseudonymous developer(s) Satoshi Nakamoto. The first cryptocurrency, initially described as a 'Peer-to-Peer e-cash'.","visible":true},{"id":128,"title":"Block Height","slug":"block-height","excerpt":"The number of blocks in the chain between itself and the first block on that blockchain (genesis block or block 0).","visible":true},{"id":129,"title":"Block Explorer","slug":"block-explorer","excerpt":"An online Blockchain webpage which allows users to browse information about blocks, transactions, balances, and transaction histories.","visible":true},{"id":236,"title":"Weak Subjectivity","slug":"weak-subjectivity","excerpt":"Relates to the need for certain nodes to rely on other nodes when determining the current state of a PoS blockchain.","visible":true}],"difficultyId":1,"difficulty":{"level":1,"label":"Beginner","slug":"beginner","language":"en"}}}}}},"pageData":{"shuviInitialState":{},"_uikit":{"theme":"light"}},"basename":"/en","runtimeConfig":{"SITE_HOST":"https://www.binance.com","HOST_URL":"https://academy.binance.com","ASK_PUBLIC_API_URL":"https://ask-api.binance.vision/api","ASK_EXTERNAL_API_URL":"https://ask-api.binance.vision/ext","ACADEMY_S3_URL":"https://image.binance.vision","ASK_S3_URL":"https://d383i2qzdd3zq2.cloudfront.net","PUBLIC_IMAGE_URL":"https://public.bnbstatic.com/static/academy","FAVICON":"favicon.ico","FAVICON_32":"favicon-32.png","FAVICON_192":"favicon-192.png","GTAG_WEB_ID":"GTM-K6QX2QK","GTAG_WEB_ID_BINANCE":"GTM-M86QHGF","GTAG_AMP_ID":"GTM-TBQWDLL","MODE":"PROD","I18N_HOST":"https://bin.bnbstatic.com","I18N_BASE_PUBLIC":"https://bin.bnbstatic.com/api/i18n/-/web/cms","I18N_BASE_PRIVATE":"http://bin.bnbstatic.com.s3.ap-northeast-1.amazonaws.com/api/i18n/-/web/cms","SENSORS_SERVER_HOST":"https://sensors.binance.cloud/sa?project=binance","API_HOST":"https://www.binance.com","API_HOST_PRIVATE":"http://dispatcher-service.bin.internal","STATIC_HOST_SHARE":"https://public.bnbstatic.com","CAPTCHA_STATIC_HOST":"https://bin.bnbstatic.com","LEARN_AND_EARN_TERMS_URL":"/support/faq/cb57a5078956433b81cbcee775e1598e","SENTRY_ENV":"prod","SENTRY_DSN":"https://9065d85b8be94562b96559e79c173661@o529943.ingest.sentry.io/6104593","THEMIS_ACADEMY_APP_AUTH":"MTI4NTE4NDgxMTptd3dXU2x5bkR2dTBkbXpxT1d0NEhta0hhZmg2ZGVmaw==","THEMIS_ACADEMY_POPUP_STRATEGY":"214","__AUTO_BLOCK_SCRIPT_MAP__":"{\"binance.com\":\"https://cdn.cookielaw.org/consent/e21a0e13-40c2-48a6-9ca2-57738356cdab/OtAutoBlock.js\",\"binance.info\":\"https://cdn.cookielaw.org/consent/03246444-2043-432d-afae-413a91f535e9/OtAutoBlock.js\",\"binance.me\":\"https://cdn.cookielaw.org/consent/39df5304-ea83-4bd5-8550-d57bca54d95a/OtAutoBlock.js\"}","__SDK_STUB_INFO_MAP__":"{\"binance.com\":{\"src\":\"https://cdn.cookielaw.org/scripttemplates/otSDKStub.js\",\"hash\":\"e21a0e13-40c2-48a6-9ca2-57738356cdab\"},\"binance.info\":{\"src\":\"https://cdn.cookielaw.org/scripttemplates/otSDKStub.js\",\"hash\":\"03246444-2043-432d-afae-413a91f535e9\"},\"binance.me\":{\"src\":\"https://cdn.cookielaw.org/scripttemplates/otSDKStub.js\",\"hash\":\"39df5304-ea83-4bd5-8550-d57bca54d95a\"}}","COMMIT_HEAD":"a6703d869ceca539449cba3c40e243be2d5161d2","STATIC_HOST":"https://bin.bnbstatic.com","__ANALYTICS_API_ID__":"cc1ljun9gpbp8ciciolg","__ANALYTICS_API_DOMAIN__":"https://api.saasexch.com","__ACCELERATE_ENABLED__":false,"__ACCELERATE_DEFAULT_DOMAIN__":"api.yshyqxx.com","__ACCELERATE_AVAILABLE_DOMAIN__":"api.yshyqxx.com,api.bnwebzh.com","__ACCELERATE_ENBLED_SITES__":"www.binancezh.info,accounts.binancezh.info","__GA_TRACKING_ID__":"UA-162512367-1","__GTM_TRACKING_ID__":"M86QHGF"},"filesByRoutId":{"6570":["static/chunks/page-6570.556b0616.js"],"7032":["static/chunks/layout-7032.34dae571.js"],"7844":["static/chunks/page-7844.a21e2d11.js"],"7986":["static/chunks/page-7986.c389f784.js"],"2cbf":["static/chunks/page-2cbf.06686e33.js"],"aee6":["static/chunks/page-aee6.92987aac.js"],"e4ab":["static/chunks/page-e4ab.56903db7.js"],"141f":["static/chunks/page-141f.588d6448.js"],"d9f0":["static/chunks/layout-d9f0.282b70a2.js"],"224d":["static/chunks/page-224d.f3347371.js"],"8b11":["static/chunks/page-8b11.2ac9e23a.js"],"cecf":["static/chunks/page-cecf.fb1eb0de.js"],"93fd":["static/chunks/page-93fd-6a3d60f2.e760431d.js","static/css/c7615e3d.chunk.css","static/chunks/page-93fd-f88dba18.20ce91ef.js"],"fb3e":["static/chunks/page-fb3e.d763cb1b.js"],"6a2b":["static/css/2c1a95b8.chunk.css","static/css/aecec168.chunk.css","static/chunks/page-6a2b.0659a4a6.js"],"a770":["static/chunks/layout-a770.2a744650.js"],"6b69":["static/chunks/page-6b69.ce20fb36.js"],"8e17":["static/chunks/page-8e17.3a1daf77.js"],"0c9e":["static/chunks/page-0c9e.5f00ddb5.js"],"1fc9":["static/chunks/page-1fc9.88e80758.js"],"1a51":["static/chunks/layout-1a51.ce08237b.js"],"02d6":["static/chunks/page-02d6.009fea70.js"],"1f53":["static/chunks/page-1f53.044f237a.js"],"e385":["static/chunks/page-e385.77ab78cc.js"],"36c0":["static/chunks/page-36c0.a76f2af6.js"],"5ea7":["static/chunks/page-5ea7.7305ce57.js"],"473a":["static/chunks/page-473a.82836819.js"],"bd3b":["static/chunks/page-bd3b.8903b36e.js"],"edb2":["static/chunks/page-edb2.2ffa3578.js"]},"publicPath":"https://bin.bnbstatic.com/"}</script><noscript><iframe 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