Blockchain is a ledger of transactions recorded in code on a decentralised network of servers (sometimes referred to as distributed ledger technology). The blockchain is secured using cryptography. Individual transactions are grouped into a block and, once verified, the new block is linked to the previous block. This chain of blocks – the blockchain – makes it nearly impossible to alter past records without changing subsequent blocks. All network participants must reach consensus on the newest block before it is added to the chain.

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Blockchain Basics

If you’re new to blockchain technology, watch the video below for an introduction to blockchain, stablecoins and AUDM.

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AUDM and Blockchain

The AUDM token is a crypto-token designed to be used to make payments on a blockchain or decentralised ledger. It is purchased and redeemed from Macropod at the rate of one AUDM token to one Australian dollar. This type of crypto-token is often referred to as a stablecoin.

The AUDM token is issued as a digital asset on multiple blockchain networks. To learn more about the blockchain networks supported by AUDM, visit the Supported Blockchain Networks page.