What is a blockchain platform?

Blockchain platforms are entities with scripting languages that are intricate and robust enough to create and manage an array of Web3 functions, including but hardly limited to NFTs, the initiation and execution of transactions and the creation of smart contracts.

What is blockchain technology?

Blockchain is a type of ledger technology that stores and records data. Blockchain is the buzzword that seems to dominate any conversation about the future of technology, from the power of cryptocurrencies to new forms of cybersecurity. While the applications for blockchain technology seem endless, not many people are entirely sure what it is.

How does a blockchain work?

Every transaction is recorded, then stored in a block on the blockchain. Each block is encrypted for protection and chained to the preceding block — hence, “blockchain” — establishing a code-based chronological order. This means that, without consensus of a network, data stored on a blockchain cannot be deleted or modified.