Block Chain

by Cranberrys Tech Claim Listing

While blockchain has been popularized by cryptocurrencies like Ethereum and Bitcoin, the blockchain concept is also being applied in lending, video games, and smart contracts. A blockchain is a permanent, sequential list of transaction records distributed over a network.

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While blockchain has been popularized by cryptocurrencies like Ethereum and Bitcoin, the blockchain concept is also being applied in lending, video games, and smart contracts. A blockchain is a permanent, sequential list of transaction records distributed over a network.

Each block in the chain contains a hash of the previous block, along with a timestamp and transaction data. This makes the blockchain inherently resistant to attack or manipulation.

Blockchain technology is ideal for recording various types of transactions where data is sensitive or targeted by hackers for unauthorized duplication or other fraudulent activity. Bitcoin and other cryptocurrencies use blockchain technology to record transactions.

Blockchain for business applications can include recording of contracts, medical records, monetary transactions and much more.

 

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