How does blockchain and crypto transactions work?

What is blockchain?

Blockchain is a decentralized database where each transaction is recorded in a block, and blocks form a chain. Unlike traditional banking systems like SEPA and SWIFT, blockchain operates without intermediaries, relying on mathematical algorithms for security and validation.

Thanks to blockchain, transaction data remains unchangeable and always available for verification.

Advantages of Blockchain

• Reliability Data on the blockchain cannot be altered or deleted.

• Anonymity While transactions are visible to everyone, personal data remains private.

• Speed Most blockchain networks provide fast transaction processing.

Thanks to these benefits, many users prefer crypto for their financial operations.