Blockchains - Deepstash

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What Is Cryptocurrency? Everything You Need To Know

Blockchains

  • Cryptocurrencies work in a decentralized form due to the technology engine called Blockchain.
  • Digital ledgers add on to all the transactions happening digitally, and they can be having tons of information stored, due to them being digital.
  • The problem of security is handled by encrypted signatures used to confirm ledger transactions.
  • People transacting in cryptocurrencies have unique secret keys and public keys, both acting as handles to identify and verify the transactions.
  • Each ledger transaction also has a unique secure handle to ensure it is approved and cannot be forged.

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