Hacker Noon June 23, 2022
Isaac Benson

Blockchain technology is a form of distributed ledger technology, and it works by recording every transaction that takes place within its network. For the purpose of assisting users in keeping track of transactions and avoiding the need for a centralized record of transactions, every transaction involving cryptocurrency is recorded and maintained in chronological order.

These transactions are visible for anyone to see on the public ledger. In particular, anyone can see transaction amounts, wallet addresses, wallet balances as well as pending and complete transactions. Essentially, it’s like having a burner account on a social network, your personal details are not visible to others, instead, you work with a pseudonymous identity.

However, a user’s identity can be found out by savvy...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

 
Topics: Blockchain, Healthcare System, Privacy / Security, Technology
Blockaid Raises $50 Million to Scale Support for Blockchain Security Platform
The Trump admin will encourage—not hinder—U.S. leadership in blockchain technology and cryptocurrency. We must seize the moment
Blockchain-Proven Content And Nvidia Alternative? Check Out CrowdGenAI
How New Tech Changes Blockchain: Web3 Trends 2025
Musk Reportedly Weighs Blockchain to Track Federal Spending

Share This Article