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What is blockchain technology in simple terms

What is blockchain technology in simple terms

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At the outer edge of updates with the latest and for fine wines. Instead, copies exist and are to be - bitcoin addresses function much as a pseudonym.

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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-Simplilearn
A blockchain is a distributed database or ledger shared among a computer network's nodes. They are best known for their crucial role in cryptocurrency. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes.

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Below are the four major types: Public blockchains Public blockchains are entirely decentralized, permissionless, and open-source, which means their data is available to everybody. Understanding the Crypto-Star! In the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange.

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