Blockchain does not store any of its information in a central location . Instead, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change.
Read moreWhat type of database does Bitcoin use?
As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions.
Read moreIs blockchain a NoSQL database?
Blockchain is simply a new type of database . Rather than traditional databases (SQL or NoSQL) that are controlled by single entities, blockchain can be shared by a group of non-trusting parties without requiring a central administrator.
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