A blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... address is a digital identifier representing a specific user or account on a blockchain. CryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... transactions are sent and received through blockchain addresses, analogous to a physical mailing address. Each blockchain address is a unique combination of alphanumeric characters. Because blockchain addresses are unique, transactions between parties can be transparent and secure. Each blockchain address has a private keyA private key is a cryptographic number that allows individuals to sign transactions and create new receiving addresses for their... that creates a digital signatureA digital signature is a cryptographic mechanism designed to provide proof of authority and authenticity in electronic form. In blockchain.... Each transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... made from the blockchain address uses the digital signature. This digital signature verifies that the transaction originated with the owner of the blockchain address and not with someone else.
