Blockchain

A blockchain is a public ledger maintained by a peer-to-peer network. This network is connected to each other and the parties in this network monitor each other and each keep a copy of this list. In this way, it becomes almost impossible for a single player in the network or malicious persons to modify transactions earlier or to overwhelm the network. Sufficiently decentralized blockchains do not rely on centralized authorities or intermediaries to conduct transactions globally, securely, verifiably and quickly, enabling technology such as cryptocurrency.

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Cryptopedia: Blockchain