Category: Technology

What Is Blockchain Technology?

Blockchain technology is a system of decentralized, digital, distributed ledgers that are capable of recording transactions between two parties efficiently without the need for a third-party. It is a public, distributed database of transactions, whose data cannot be altered once it has been added to the database. Blockchain technology is the backbone of cryptocurrencies and has a wide variety of applications. In this article, we will explain what blockchain technology is, how it works, and why it has become so popular.

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