Blockchain is a type of Distributed Ledger Technology. By using fragmentation and cryptographic hashing, we make the history of digital assets unchanged and crystal-clear.
Let’s understand blockchain technology by taking the example of Google document. We create a document and share it in a group. The sent document is not a copied document but the original document distributed. This forms a decentralized distribution chain which gives access to document at the same time to all. All the modifications are made in real-time thus it provides transparency of data.
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