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Blockchains are essentially public ledgers for digitally storing transactions.

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Shivani
Blockchains are essentially public ledgers for digitally storing transactions.


A Blockchain is essentially a virtual public ledger of digitally stored transactions, which is replicated and then distributed across the whole network of network computers. Each block within the network has a specific number of previous transactions, and each time a new transaction happens on the network, a corresponding entry is logged onto each participant's ledger.


A well-known example of the Blockchain is the Visa and MasterCard networks that use the Chain Protocol to facilitate safe, instant payment. The idea is that the purchaser of a product from an online merchant can make payments directly from his or her card using the terminal that is linked to the appropriate card network.



Read more @ https://tradove.com/blog/Blockchain-is-gradually-becoming-popular-with-potential-applications-across-the-healthcare-finance-and-education-industries.html

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