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September 01, 2018, 06:56:44 PM |
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Blockchain is a digitized, decentralized, and the public ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks; usually the most recent transactions are put down and added to it in a chronological order. It gives authorizations to market participants to monitor digital currency transactions without central record keeping. Every computer connected to the network gets a copy of the blockchain, and by default it downloads the copy automatically.
Blockchain is not bitcoin. Blockchain is just the main technological innovation of bitcoin, same as with other cryptocurrencies.
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