WTF is Blockchain Technology?
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Even though blockchain technology has been around for more than a decade, people have only recently noticed it because of its potential uses in various industries.
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We will explain blockchain technology and discuss some of its applications. Time to blockchain!
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At its most basic level, a blockchain is a type of shared database that differs from a typical database.
What Is Blockchain Technology, and What Does It Do?
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It stores information; blockchains store data in blocks linked together via cryptography. As new data comes in, it goes into a new block.
What Is Blockchain Technology, and What Does It Do?
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Bitcoin is the first and most well-known blockchain innovation. It was a proof-of-concept digital currency that launched in 2009.
Bitcoin
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Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller directly written into lines of code.
Smart Contracts
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Proof of stake (PoS) is an algorithm that rewards users based on how many coins they hold.
Proof of Stake
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