What is a blockchain?

A blockchain is a digital ledger that records transactions in a secure and transparent manner. It’s like a digital notebook where all transactions are recorded, and once they are recorded, they cannot be altered or deleted. This means that every time someone buys or sells something, it’s recorded on the blockchain, making it an accurate and reliable source of information.

The blockchain is decentralized, meaning that it’s not controlled by any central authority or organization. Instead, it’s a network of computers that work together to maintain the blockchain. This ensures that the blockchain is not vulnerable to a single point of failure, making it incredibly secure.
Each block in the blockchain contains a list of transactions, and once a block is filled, a new one is added to the chain. Therefore, it’s called blockchain: it’s a chain of blocks. The blocks are connected to each other in a secure manner, making it impossible to alter the data in any block without affecting the entire chain.

The blockchain is transparent, meaning that everyone on the network can see the transactions that have taken place. This makes it easier for people to keep track of their own transactions and for organizations to keep track of their finances. But the blockchain is also perfectly anonymous, so that whoever accesses it will always see their privacy protected and guaranteed.

One of the most popular uses for the blockchain is in the world of cryptocurrency. Ethereum, for example, is a type of cryptocurrency that uses the blockchain to record transactions.

In conclusion, the blockchain is a revolutionary technology that has the potential to change the way we do business. Every transaction of the Seletti x Absolut Born To Mix3D project is secured by blockchain technologies.