What is a blockchain platform?

So, you could describe a Blockchain platform meaning a platform that exists to support a particular flavour of Blockchain. If you look at any comparison of Blockchain platforms, you’ll see there are many types of Blockchain platforms that address different business needs–there are even free Blockchain platforms.

Is Ethereum a blockchain platform?

If you’re familiar with Ethereum, you most likely associate it with ETH, its cryptocurrency, and recognize it as a tool for buying, trading and staking cryptocurrency. Ethereum is both those things plus one more: A blockchain platform. What Is a Blockchain Platform?

How does a blockchain work?

Because a copy of the blockchain exists on every computer on the network at the same time, it can keep working if one or even multiple nodes go offline. When new information gets added to the ledger, it’s recorded in a group called a block. Those blocks are strung together to make up a chain of records, hence the name blockchain.

How does blockchain protect against tampering & system failure?

By its very nature, blockchain acts as a safeguard against tampering and system failure. If one node on a network gets hacked and someone changes or deletes transaction data on that computer, the other nodes on the network will reject the corrupted record because it doesn't match their copies of the ledger.