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Introduction To Blockchain Technology

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18 views1 page

Introduction To Blockchain Technology

Uploaded by

merchprompt
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction to Blockchain Technology

What is Blockchain
Blockchain is a decentralized digital ledger that records transactions across multiple
computers to ensure transparency and security.

How Blockchain Works


Blockchain technology relies on cryptographic hashing and consensus mechanisms to verify
transactions and maintain a secure, distributed ledger.

Types of Blockchains
There are various types of blockchains, including public, private, and consortium
blockchains, each serving different purposes and levels of accessibility.

Blockchain Applications
Beyond cryptocurrency, blockchain is used in supply chain management, healthcare,
finance, and more, offering transparency and efficiency.

Future Prospects
As blockchain evolves, it is expected to integrate with other technologies, creating new
opportunities and challenges in various industries.

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