Blockchain, a distributed ledger that connects a growing list of blocks of data, is a decentralized technology that records transactions between two parties. Resistant to tampering once blocks have been added to the network, the technology delivers a concrete database of information that is secure and is continually being updated across a network of computers known as nodes. In order to ensure that copies of the database are the same, checks are constantly undertaken by the network. There are essentially three parts to the recording process: the record between the parties involved, the block, which is where records are put…

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