Blockchain has become a very popular concept in recent years due to its easy functionality and transparency. But what is blockchain? A blockchain is a time-stamped series of unchangeable records of data that is managed by a cluster of computers not owned by any single entity. All these blocks of data are secured and bound to each other with the help of cryptographic principles (i.e., chain). The best part of blockchain technology is that it has no central authority. It is a shared and unchangeable ledger due to which the information is open for everyone to see.
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