What is Blockchain?

What is Blockchain?

Blockchain, as the name suggests, is a distributed database that provides encrypted transaction tracking in a chain structure consisting of blocks. This technology has many different features that make peer-to-peer data sharing possible in an open, transparent and secure way, without being tied to any central authority.

What Are the Most Important Features of Blockhain?

In this article of our blog, we will touch on the 6 most important features of Blockchain technology.
Decentralized, distributed structure

The fact that the blockchain is decentralized and distributed means that this technology is not under the control of any central authority. So Blockchain technology cannot be controlled by governments, institutions or individuals. In the blockchain, instead of these authorities, transactions are recorded on distributed nodes.
Immutable

Once the data is verified, it is added to the blockchain network and stored in a distributed manner. Thanks to the distributed storage, records are kept in many places, so that even if a single network is damaged or cyber-attacked, data cannot be changed or lost.
Be Safe

In blockchain technology, every person who can access the network through the internet acts as a hub. Therefore, for a cyber attack to be successful, at least 51% of the network must be compromised. Considering that the data is also stored in a distributed way in different places, it is almost impossible for this attack to occur. In this case, it shows that Blockchain technology is quite secure.
Being Open and Transparent

Information in Blockchain technology can be accessed by any user who wants it. The fact that users take part in various activities such as being able to audit data and develop various applications within the system shows that the technology is open and transparent. In addition, your personal data is protected by cryptographic passwords and your personal privacy is ensured.

You may be interested: The Power of Money in a Digitalizing World 
Transaction Fees

Since Blockchain technology is inherently distributed and open to everyone, it can perform peer-to-peer transfers without the need for an authority or an intermediary. Therefore, it completely eliminates commission expenses and allows you to carry out your transactions without transaction fees or with a very small fee.
Be Fast

Transactions can be completed very quickly in Blockchain technology with features such as being able to perform peer-to-peer transfers without an authority and being distributed. In this way, it can perform daily transactions such as money transfers in minutes or even seconds, regardless of location and time.

What Is a Bonding Curve in Crypto
Bonding curves have quietly become one of the most powerful tools in crypto. You see them used in token launches, NFT platforms, DAOs, and all sorts of DeFi experiments. But what are they really? In simple terms, a bonding curve is a rule that controls the price of a token based on how many tokens are in circulation. The more tokens people buy, the higher the price goes. The fewer tokens there are,...
Smart Beta ETFs: Smarter Investing or Just Another Trend?
Smart Beta ETFs are often described as the middle ground between passive and active investing. They follow an index, but not in the usual way. Instead of simply copying the market’s biggest companies, they follow a set of rules designed to improve performance or reduce risk. They’ve been gaining popularity because investors want more than just average returns. People are looking for strategies that...
Trump-affiliated Company Cuts Stake in World Liberty Financial - Revolut Prepares to Launch Stablecoin
Trump-Linked Firm Reduces Stake in World Liberty Financial DT Marks DeFi LLC, which has ties to Donald Trump, has quietly reduced its stake in the holding company behind World Liberty Financial to 40 percent. That figure was 60 percent in March and 75 percent in December 2024. While the exact timing of the reduction remains unclear, the development has raised ongoing suspicions about Trump’s ties to...
Fed Keeps Interest Rates Steady, Trump Criticizes Powell Again - Trump: "Bring the GENIUS Stablecoin Act to My Desk Immediately"
Fed Keeps Interest Rates Steady, Trump Criticizes Powell Again The US Federal Reserve (Fed) kept its policy rate steady at 4.3 percent to see the impact of uncertainties on the economic outlook and increasing tariffs. However, the bank maintains its forecast for two interest rate cuts in 2025. Fed Chair Jerome Powell stated that tariffs could temporarily increase inflation. Powell emphasized that while...
What is Front Running in Crypto and Finance
Front running is when someone uses early access to trading information to jump ahead of someone else’s order and make a profit from the price move that follows. It is not investing. It is cutting the queue, making a quick trade, and taking advantage of someone else’s move before they even get a chance to make it. In traditional finance, this usually involves a broker or trader seeing what a client...


Create an account

Now create an account where you can use your knowledge.