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Grasping Blockchain Explained in Real Time
Blockchain technology is a revolutionary way to store information. Imagine a electronic database that is shared across a cluster of computers. Each entry is read more grouped into a block, which is then linked to the last block, creating an unalterable history.
- That means that once information is on the blockchain, it is unable to be modified.
- Each computer in the network has a copy of the blockchain, so everyone agrees on the same version of events.
- That makes blockchain protected and transparent to all.
Because information is added to the blockchain in a ordered manner, it provides an precise history. Visualize of it like a public spreadsheet that anyone can examine.
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