What function does blockchain serve? Is it merely necessary for recording every transaction, making it essentially just a database? Please continue to be pertinent; I am aware of how blocks are produced.
The blockchain serves many functions in the cryptocurrency space but people mostly focus on the area of it ensuring the lack of a single point of control, improving openness, and lowering the possibility of deception or manipulation.
- Blockchain is what provides no trust of the third party stated by Satoshi and
- Smart contracts are accomplished through the help of blockchain