To compose the answer, let’s start from the very beginning. A little update about crypto and blockchain won’t be unnecessary․
In simple terms, cryptocurrency or crypto is a digital payment method. Like other digital payment methods, it doesn’t exist in physical form. Cryptocurrency uses cryptography for security. And it operates on a decentralized network. It’s not controlled by banks or the government, like traditional money. The most popular examples of crypto are Bitcoin and Ethereum.
What about blockchain? A blockchain is a decentralized, distributed, and sometimes public, digital ledger. It consists of records called blocks. The transactions are linked to each other, creating a chain. This information is stored in the blocks. It means that the blocks, being connected, are making a chain - a blockchain. And the technology behind cryptocurrencies is blockchain.
Now, let’s discover how blockchain animated blockchain video production can be helpful in this field.