Blockchain Facts: What Is It, How It Works, and How It Can Be Used | |
In the simplest terms, Blockchain is a type of technology that acts like a digital ledger (record book), keeping records of transactions securely and transparently. Instead of having one central authority in charge, it works on a network of computers, where each computer has a copy of the same ledger. When a new transaction happens, it gets added as a new block to the chain of previous transactions. This chain is linked together using a cryptographic hash, a series of unique numbers, making it hard for anyone to change or tamper with the records. Blockchain is commonly associated with cryptocurrencies like Bitcoin, but it has many other uses beyond that, like ensuring the authenticity of products in supply chains or providing secure digital identities. | |
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Target State: Victoria Target City : Melbourne Last Update : 17 August 2023 3:38 PM Number of Views: 78 | Item Owner : Vrinsoft Pty Ltd Contact Email: Contact Phone: 0390106190 |
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