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Today, we're going to explain, in plain English, what blockchain technology is all about. A businessman touching an individual encrypted block that's part of a blockchain on a digital screen.
First, blockchain technology makes it much more difficult, if not impossible, for fraudulent transactions to occur. Blockchain transactions must be approved by the network they reside on.
The basic concept of blockchain is not difficult to understand, but the application and implementation of the technology could change the way the world works.
As a secure, distributed ledger, well-designed Blockchain technology not only eliminates intermediaries, reduces costs, and increases speed and reach, but also offers greater transparency and ...
What is blockchain? To understand it, you have to first understand cryptography. Here's blockchain explained for dummies (and we mean that in a good way).
What is Blockchain? Blockchain Technology Explained - Introduction Uses and Meaning.
Many organizations are beginning to embrace blockchain technology and it's essential to learn whether or not it should become a part of your business as well.
Yet, truth be told, most folks don't understand the basics of cryptocurrencies, or the blockchain technology that underlies them.