Blockchain Technology

Blockchain technology is the underlying technology used by cryptocurrencies in order to validate and keep track of transactions. Blockchain is a record of transactions linked with cryptography that is uploaded into a digital public ledger. A blockchain consists of a group of blocks. Every group contains transaction data, a hash of the previous block and a timestamp. Its design makes it highly resistant to data modification. Blockchain technology has no central network, offers very low transaction time and cost.

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