What is Blockchain?

Blockchain is a method of recording information that makes it impossible or difficult for the information to be changed, hacked, or manipulated.

Blockchain technology is a structure that stores transactional records, also known as the block, in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’ Basically, there are pieces or blocks of the larger puzzle or chain which come together to create the ledger. Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. It cannot be removed it can only be stacked. Anyone can see it but you can’t corrupt it. Real Estate transactions can be recorded on the Blockchain via an NFT. Email us for more information.

What is Cryptocurrency?

Cryptocurrency is a digital currency, an alternative form of payment created using encryption. Decentralized from bank regulation and is a peer-to-peer system that can enable anyone anywhere to send and receive payments. When you transfer cryptocurrency funds, to another person’s digital crypto wallet” the transactions are recorded in a public ledger/blockchain. Clear Title Partners accepts escrow funds and funds to close in Cryptocurrency by way of BitPay. Email us for more information.