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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-SimplilearnBlockchain technology is a method for storing and authenticating data using a distributed ledger system. In effect, data is stored in a digital chain in blocks. Bitcoin focuses on lowering the cost of influencers and reducing the time of transactions but is less flexible. 6. As blockchain works with. Blockchain is the underlying technology behind cryptocurrencies. Blockchain is much more advanced and secure than traditional databases.
