A blockchain phone is a specialized smartphone designed to directly interface with blockchain technology. This design allows users to engage with blockchain-based applications, commonly known as decentralized applications (DApps), and digital assets like cryptocurrencies.
What is a blockchain used for?
Blockchain allows cryptoassets to be transferred quickly and securely. Blockchain-based protocols can be automated and decentralised, thus enabling the creation of cryptoassets without the need for controlling, supervisory or centralised bodies. Less fraud, financing of terrorism and money laundering.
How does blockchain actually work?
A blockchain platform is a shared digital ledger that allows users to record transactions and share information securely, tamper-resistant. A distributed network of computers maintains the register, and each transaction is verified by consensus among the network participants.
What is blockchain in very simple terms?
Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.
Does blockchain call you?
We would never initiate a call via phone. If an email was sent to your spam/junk folder, then please verify the real sender of the email by looking at the email's headers.
What is a blockchain device?
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.