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All transactions are recorded online in a very digital database termed a blockchain that makes use of powerful one particular-way encryption to ensure safety and evidence of possession.
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Blockchains are one of a kind in that, once a transaction continues to be recorded and verified, it may?�t be modified. The ledger only allows for 1-way information modification.
A blockchain is usually a distributed general public ledger ??or on the internet electronic database ??that contains a history of each of the transactions with a platform.