FAQs > Distributed Ledger Technology > Blockchain

Q: What is blockchain and does Vesta Equity’s marketplace run on it?

Blockchain is a powerful and revolutionary technology that allows digital records (data) to be made in a decentralized manner across a network (distributed ledger) and verified through consensus by multiple sources on the network. This prevents independent data warehouses from storing, manipulating, and creating monopolies over data for economic benefit. A very common type of data is a financial transaction, and on a blockchain this can be made using a digital token or a cryptocurrency. By using blockchain technology, Vesta Equity’s marketplace ensures that all transactions are fully auditable, immutable, and much quicker compared to traditional methods of transferring funds.