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#blockchain
What Is Blockchain and How Does It Work?
Key Takeaways
Blockchain is a digital ledger that securely records transaction data across a distributed network of computers.
Blockchain ensures data integrity through its immutable nature via cryptography and consensus mechanisms, meaning once information is recorded, it cannot be altered retroactively.
Blockchain forms the backbone of cryptocurrency networks like Bitcoin and Ethereum, and is instrumental in fostering transparency, security, and trust in various sectors beyond finance.
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What Is Blockchain and How Does It Work?
Key Takeaways
Blockchain is a digital ledger that securely records transaction data across a distributed network of computers.
Blockchain ensures data integrity through its immutable nature via cryptography and consensus mechanisms, meaning once information is recorded, it cannot be altered retroactively.
Blockchain forms the backbone of cryptocurrency networks like Bitcoin and Ethereum, and is instrumental in fostering transparency, security, and trust in various sectors beyond finance.
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#CryptoRegulation
What is a Smart Contract?
Smart contracts are self-executing contracts with the terms directly written into code.
They power DeFi, NFTs, and more.
#BinanceAcademy #CryptoEducation $BTC
What is a Smart Contract?
Smart contracts are self-executing contracts with the terms directly written into code.
They power DeFi, NFTs, and more.
#BinanceAcademy #CryptoEducation $BTC
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