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Academy Article

What is Blockchain?

2019.11.05 OKEx Academy

What is Blockchain?

Blockchain is an open, distributed ledger which records transactions

between parties in a verifiable and permanent way

In layman’s term, it is an immutable public ledger

It allows us to agree on the order of a set of records

without trusting a central authority

Blockchain burst out in 2008, which serves as

the public transaction ledger of the cryptocurrency

It successfully eliminated the double-spending problem

in digital cash without the need of a trusted central authority

Thanks to Bitcoin, now there are more than thousands

of tokens exist in the market

and we can expect more to come in the future

changing the global economy

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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