Demystifying the ‘blockchain’ technology behind Bitcoin, other cryptocurrencies
Question: Can you give me a layman’s explanation of what exactly “blockchain” is. Answer: With the hype surrounding cryptocurrencies continuing to grow, more people are hearing about the underlying technology known as blockchain. At the core of blockchain technology is a publicly shared “immutable digital ledger” — meaning that it’s essentially a tamperproof record-keeping technology. What are ledgers. Ledgers have been part of how humans trade since nearly the beginning of our species and conti…
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