Create a blog post subtitle that summarizes your post in a few short, punchy sentences and entices your audience to continue reading.
https://www.euromoney.com/learning/blockchain-explained/how-transactions-get-into-the-blockchain
It is important to introduce blockchain as it is the operating system in which cryptocurrencies work on, firstly with Bitcoin in 2009. Blockchain is a ledger that records the transactions for a business' tangible and intangible assets. Everything can be tracked through block chain reliably and cost effectively, without the need for intermediaries.
Blockchain's origin
While blockchain is NOT the same as bitcoin, it provides the record and stores transaction for it with many benefits. An important analogy could be seen as blockchain the Mac OS updates and Bitcoin is simply an app that exists on it.
The many benefits of blockchain gives the credibility to Bitcoin as a safe platform to invest due to:
Validity: parties involved in transactions must vouch for authentication for it, ensuring proper security
Provenance: assets being transferred are confirmed of their history and changing of ownership
Inflexible: No transactions can be tampered with after recorded in the ledger. Any error reported must be included in a brand new transaction to reverse the initial transaction for all participants to see in the ledger.
Gupta, M. (2018). Blockchain for dummies. John Wiley & Sons, Inc.