Knowing about Blockchain in Crycptocurrency
A blockchain is a list of records which is continuously growing. These records are called blocks and are joined together by cryptography.
Each block has a cryptographic hash of the previous block, a transaction data and a timestamp.
*Blockchain is designed to resist modification of the data.
*Blockchain is an open distributed ledger and it can record transactions between two parties in a permanent and verifiable way.
*Blockchains are typically managed by a peer to peer network.
*Blockchains are ideal for recording various types of data.
*Blockchain was invented to help facilitate and secure bitcoins and it transactions.
*Blockchain was the brainchild of Satoshi Nakamoto and was invented in 2008.
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