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Blockchain development technology offers a way for untrusted parties to reach an agreement and is commonly associated with bitcoin and other cryptocurrencies on a common digital history. It is a database which is validated by a community rather than any singular centralized authority. It is a collection of records in which transactions are made in cryptocurrencies, rather than depending on a single entity, like a bank or government. Each ‘block ‘represents transaction record and ‘chain’ links them all together. It enables moving digital coins or assets from one individual to other.
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