Important Facts about Blockchain

Important Facts about Blockchain- Check out in detail

Almost 56 percent of Indian business adopted blockchain technology

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government is making steps towards blockchain usage

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Blockchain promotes security and support encrypted transactions

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Bitcoin was the first use of blockchain technology

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Blockchain is a digital ledger that has recently gained a lot of attention in the technology world.

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The data is openly shared with all network nodes and verified through consensus by participants known as miners.

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It supports encrypted transactions, time stamping, and proof of work.

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[{"selector":"#anim-ff8bb867-99bb-4cc4-b660-c01c12ab771e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.30762976884122%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] In the case of blockchain, no centralised agency or institution controls or ensures the data's security, as a bank would with a traditional database. Arrow

Hope you people found the story informative. For more such interesting stuff, click on the link given below

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