Home / FAQs / Bitcoin / What is Blockchain?

Frequently Asked Questions

What is Blockchain?

Blockchain is a digitised, decentralised, accounting method developed to facilitate Bitcoin transactions. The technology is used mainly to verify transactions (done by the user community rather than a central authority) and create a unique record that cannot be changed by anyone. When a Bitcoin is released through the process of Bitcoin Mining, it is added to the blockchain so all users have transparency to see that any transactions carried out to mine a Bitcoin are verified and legitimate.

Additional Information

What are cryptocurrencies?

What is Bitcoin?

Can I trade Bitcoin with AxiTrader?