Blockchain – the most secure network for payment transactions
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Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
Crypto currencies are based on blockchain technology. Cryptocurrency is an encrypted string of data or a hash, encoded to signify one unit of currency. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
Blockchain information is complete, consistent, timely, accurate and widely available. Users are in control of all their transaction and information. The core value of a blockchain is that it permits a database to be directly shared without a central administrator.
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