What does blockchain do?

Blockchain technology represents a revolutionary advancement in database mechanisms, enabling seamless and transparent information sharing across various entities within a business network.

This technology operates by storing data in distinct blocks, which are then interconnected to form a continuous chain. Each block within this chain contains a set of records or transactions, along with unique identifiers that link it to the preceding and subsequent blocks.

The inherent security features of blockchain technology lie in its decentralized nature and the use of advanced cryptography. These factors ensure that the data stored within the blockchain is tamper-proof and can be accessed only by authorized individuals.

BTCC, a leading cryptocurrency exchange, harnesses the power of blockchain technology to offer a wide range of services to its clients. Its comprehensive platform includes spot trading, where users can buy and sell cryptocurrencies at the current market price.

Furthermore, BTCC also provides futures trading, allowing investors to speculate on the future price movements of various cryptocurrencies. Additionally, the exchange offers a secure wallet service to store digital assets safely and conveniently.