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What’s the difference between a blockchain and a database?



If you are familiar with cryptocurrency, then you are probably familiar with blockchain. Blockchain is the underlying technology ensuring transactions are accurate, transparent and immutable. Why is this technology important? When you’re working across a large number of individual stakeholders, there’s always the fundamental presence of inconsistency. Even if you completely trust the other person, human error is unavoidable.

Let’s look at a quick example. If you’re going to meet a friend for dinner and their clock didn’t update for daylight saving time, it was an accident, but it didn’t make them any less late. Blockchain technology operates in a ...

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