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What is Blockchain? How Does Blockchain Work?

Blockchain is a ledger that is both decentralized and immutable. Blockchain technology makes it easier to record corporate transactions and track net profits. This technology is used by cryptocurrencies such as Bitcoin and Ethereum. For example, the bitcoin blockchain keeps track of all bitcoins sent and received. So, money transfers are made possible by cryptocurrencies and blockchain technology. It eliminates the need for banks or credit card companies.

Blockchain

October 6, 2022 | 4 min