Now, it’s more transparent, decentralized, and safe as it grows and develops in new areas of enterprise, such as banking and supply chain management. This technology can drive innovation for brand spanking new ways of doing business and may be particularly useful for firms where transparency and safety are necessary. And even though the terms are often used interchangeably they aren’t the identical thing. Blockchain is the know-how that most cryptocurrencies are built on, and it’s now additionally being used for many other purposes.

In a blockchain surroundings, there isn’t a need for a third party, which improves business friendliness and ensures a trusted workflow. The Blockchain.com explorer is considered one of the most trafficked websites in the world to search out out what’s taking place within the crypto markets and the Blockchain.com exchange supports a fast trading expertise. This implies that customers can lend, borrow, and make investments cryptos relying solely on decentralized blockchain protocols. Litecoin has an supposed perform that’s similar to Bitcoin Cash, however with a different origin story.