What is blockchain?
- Blockchain is a specific type of database.
- Blockchains store data in blocks that are then chained together.
- Individual records called blocks linked together in single list called chain.
- As new data comes in it is entered into a fresh block. Once the block is filled with data it is chained onto the previous block, which makes the data chained together in chronological order.
- Digital record of transactions.
- Used for record transaction with cryptocurrencies such as bitcoin.
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