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A blockchain is A digital ledger of transactions that is duplicated and unfocussed across the full network of reckoner systems on the blockchain.
Distributed to complete member nodes stylish the network, the ledger permanently records, in a successive chain of cryptographical hash-linked blocks, the history of plus exchanges that yield place between the peers in the network.
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Given its resistance to modification and suburbanised character, it was used to make over cryptocurrencies, among which the most notable is bitcoin.
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The blockchain is a ledger of accounts and minutes that are cursive and stored away all participants.
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How did the financial crisis affect the blockchain?
About Blockchain After the 2008 financial crisis, a mysterious paper was released by Satoshi Nakamoto that discussed a new peer to peer financial system using a digital cryptocurrency called Bitcoin. The economy was in a global recession at the time and people were frustrated with centralized banks disrupting and controlling the financial system.
When did the idea of blockchain come about?
The interest in Blockchain technology has been increasing since the idea was coined in 2008.
Where is the current research on blockchain technology?
Blockchain is a decentralized transaction and data management technology developed first for Bitcoin cryptocurrency. The interest in Blockchain technology has been increasing since the idea was coined in 2008.
Last Update: Oct 2021
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