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Understanding Blockchain Explained in Real Time
Blockchain technology is a transformative way to store information. Imagine a electronic ledger that is distributed across a network of computers. Each entry is bundled into a block, which is then chained to the previous block, creating an immutable history.
- It means that once information is on the blockchain, it is unable to be altered.
- Each participant in the network has a replica of the blockchain, so everyone agrees on the same state of events.
- It makes blockchain safe and visible to all.
Because information is added to the blockchain in a ordered manner, it provides an accurate record. Consider of it like a open ledger that anyone can view.
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[Speaker Name]'s Live Show: All About Gaming/Tech/Music
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