A blockchain is principally a distributed database of records or public ledger of all transactions or digital events that are executed and shared among the participating parties. Once entered, information can never be erased. The blockchain encompasses a precise and supportable record of each solo transaction ever made in the history of all the transactions. Bitcoin, the decentralized digital currency, is that the most well-liked example that uses blockchain technology. The digital currency bitcoin itself is extremely controversial but the underlying blockchain technology has worked flawlessly and located a good range of applications in both the financial and nonfinancial world.
Blockchain, Bitcoins, Peers, Decentralized, Transactions, Cryptocurrencies
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