HomeDIGITAL ASSETS REGULATORYstablecoin euUnderstanding crypto assets: An overview of blockchain technology's uses and challenges

Understanding crypto assets: An overview of blockchain technology’s uses and challenges

Blockchain technology, which encompasses cryptocurrencies, has gained significant attention in recent years. However, its inner workings remain a mystery to many. This summary aims to shed light on the applications and obstacles of this technology, drawing from available sources. Originally, blockchain emerged as a component of digital ledger technology (DLT) in the late 20th century. DLT functions as a digital database, akin to a record book or ledger, enabling the simultaneous use and sharing of information. By employing cryptography and decentralization, blockchain ensures transparency, security, and immutability. Despite its potential, challenges such as scalability and regulatory concerns still need to be addressed.

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