Infographic: a look at blockchain technology
This nifty infographic by PWC looks at the blockchain tech, how it works, its benefits and unknowns, cryptocurrency and potential applications.
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Blockchain is an open electronic ledger that can be straightforwardly shared among disparate users and that makes an unchangeable record of their exchanges, every one time-stamped and connected to the past one. Each advanced record or exchange in the string is known as a block (henceforth the name), and it permits either an open or controlled arrangement of clients to take part in the electronic record. Each square is connected to a particular member.
Blockchain must be refreshed by consensus between members in the framework, and when new information is entered, it can never be eradicated. The blockchain contains a genuine and unquestionable record of every single exchange at any point made in the framework.
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