Blockchain Ecosystem: What is it About?

As the spark of blockchain revolution is engulfing the world, the technology is becoming more sophisticated as the day goes by. Blockchain engineers the world over are putting thought into turning their product into an engineering marvel and such ideas give rise to buzzwords of the day. Getting a hold on these buzzwords becomes imperative for C-level execs as well as investors so that the knowledge remains perceptible and nothing becomes arcane.One of the latest buzzwords in the tech industry is "ecosystem"; particularly, "blockchain ecosystem".So what is an ecosystem?Ecosystem is originally a biological term used to describe a community of organisms interacting with each other and their environment. This analogy has extended to the blockchain world in which ecosystem refers to different actors involved and their interaction with one another, the blockchain DApp, and the outside real world.A typical blockchain may have multiple actors: users, organisations, miners, transactions, developers, engineers, investors, etc.

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digital-ecosystem,bitcoin,ecosystem,technology,consensus