> For the complete documentation index, see [llms.txt](https://docs.undergroundmoods.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.undergroundmoods.com/faq/technology/what-is-blockchain.md).

# What is blockchain

Have you ever wondered what's behind the **blockchain** **technology**?

When two people want to operate a transaction, they usually need a trusted third party, like a bank.

Now, imagine a network that allows **peer-to-peer transactions** which involves only two parties: the **sender** and the **receiver**.

The blockchain technology is a **decentralized**, **distributed** and **transparent** digital ledger that records transactions.

It's a **database** containing the **history** of all exchanges realized between users since its creation.

It stores encrypted blocks of data then chains them together chronologically.

Validators keep their own copy of the ledger and make sure they always agree with the content of the ledger.

That is what blockchain brings us!


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.undergroundmoods.com/faq/technology/what-is-blockchain.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.