Blockchain is a decentralized digital ledger technology that records transactions across multiple computers securely and transparently. Each block in the blockchain contains a list of transactions and is linked to the previous block, forming a chronological chain. This structure ensures that once data is recorded, it cannot be altered without consensus from the network, making it resistant to fraud and tampering. Blockchain operates on a peer-to-peer network, allowing participants to verify and validate transactions collaboratively. It is widely known for its role as the underlying technology for cryptocurrencies like Bitcoin, but its applications extend beyond digital currencies to include supply chain management, smart contracts, voting systems, and more. The transparency and anonymity offered by blockchain make it a revolutionary tool in various industries, promoting trust and security in digital transactions.
A digital financial revolution is reshaping the landscape, driven by crypto derivatives and decentralized finance (DeFi). Shaurya, from CoinDesk's Asia team, navigates through the complexities of cryptocurrencies like BTC, ETH,…