a blockchain

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Blockchain A system that records information in a way that makes it hard or impossible to alter, hack, or cheat. The blockchain is basically a digital ledger that records transactions and is distributed throughout the entire network.

 

What is blockchain used for?

Blockchain is a distributed, decentralized and public digital ledger that records transactions across multiple computers. Each block can be modified retroactively without affecting any subsequent blocks.

 

What is blockchain with example?

A Blockchain A chain of blocks that contains information. The type of blockchain will determine the type and amount of data stored in a block. Examples: A Bitcoin Block contains information about Sender, Receiver and the number of Bitcoins to be transferred. Bitcoin Block.

 

What is a blockchain in Bitcoin?

Blockchain is a distributed ledger that records all transactions in a peer to peer network. Participants can verify transactions using this technology without the need for a central clearing agency. Applications that could be used include fund transfers, settlement trades, voting, among other things.

 

What is blockchain & How does it work?

A blockchain is “a distributed database that maintains a continuously growing list of ordered records, called blocks. These blocks “are linked using cryptography. Each block includes a cryptographic hash, a timestamp and transaction data.

 

What is blockchain in simple words?

Blockchain A system that records information in a way that makes it hard or impossible to alter, hack, or cheat. The blockchain is basically a digital ledger that records transactions and is distributed throughout the entire network.

 

Who uses blockchain today?

IBM is one company that has made it a priority to incorporate blockchain into its future business model. How Microsoft is using blockchain: Microsoft’s Azure platform helps to establish blockchain in companies from a wide range of industries.

 

 

 

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