Over the past multiple years, you have constantly heard the term ‘ blockchain technology, ’ likely regarding cryptocurrencies, like Bitcoin. In fact, you may be asking yourself, “ what is blockchain technology? ” It seems like blockchain is a bromide but in a academic sense, as there’s no real meaning that the nonprofessional can understand effortlessly. It’s imperative to answer “ what is blockchain technology, “ including the technology that’s used, how it works, and how it’s getting vital in the digital world.
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