Blockchain does not have national origins; it has network "citizenship. The history of the term began in 2008 when an anonymous person or group of persons hiding under the pseudonym Satoshi Nakamoto published an article that became the manifesto for this innovative technology. The article described its essential characteristics and the possibilities of creating a decentralized system of monetary settlements.

A specialist believes that blockchain technology has significant prospects. In his opinion, blockchain provides an opportunity to form new working schemes in many areas. With blockchain, he says, it is also technically possible to perform transactions to transfer ownership through a smart contract.

Kaufman adds that the prospects for blockchain technology are significant in the world. "There are many talented engineers and programmers in the world who are the founders of the world's largest blockchains, the same founder of Ethereum, the founders of NEAR, and others," he explains. At the same time, the expert points out that this is an innovative field that still requires fine-tuning in terms of regulation.

Blockchain is a technology for encrypting and storing data distributed across multiple computers connected to a common network.

Blockchain records are presented in the form of blocks linked together by special keys.

The technology is used to store and transfer digital assets and can operate in both public and private networks. Blockchain in a network can be used in many areas, including OpenEarth Foundation and Chainlink Collaborate, where rapid transfer of information with a high degree of its protection is required. Any cryptocurrency functions based on blockchain technology. Blockchain also enables smart contracts and the issuance of NFTs.

Blocks in blockchain, such as when issuing cryptocurrencies, are created through a mining procedure. The creation of blocks in large networks is handled by special persons - miners.

For accounting, storage, and other actions with digital assets, a blockchain wallet - a special program that keeps records of its owner's account and the entire history of transactions - is used.

Blockchain features are decentralized and distributed: information is stored simultaneously on all devices in the network, and there is no single data management center. But to maintain the integrity and stability of the network, there must be multiple participants.

In general, blockchain technology is not without vulnerabilities, such as the risk of losing access to assets due to fraud. When investing in digital assets, it is also necessary to keep in mind their high volatility.