A blockchain is a form of ledger technology that stores records in a decentralized manner, making it difficult or impossible to alter. Hence, it has gained massive attention for use in various applications to make our digital existence more secure and traceable.
However, along with the overall technology industry, blockchain companies have come under increasing pressure due to aggressive interest rate hikes by major central banks in their efforts to contain stubborn inflation. Moreover, cryptocurrency, one of the primary use cases of blockchain technology, is increasingly facing regulatory concerns and sell-off.
