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How Does Blockchain Technology Works?
Blockchain technology is a data storage technique that makes manipulating, hacking, or cheating the system difficult or impossible. A blockchain is a distributed digital ledger (DLT) of transactions that are duplicated and distributed across the network of computers that make up the cryptocurrency. With Blockchain technology, it is possible to build applications where one or more additional parties can reserve transactions instantly without the need for a central authority to ensure that trades are authorized. This is accomplished through the peer-to-peer network, in which everyone has access to a shared ledger where all the transactions are recorded.
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