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A Blockchain can be defined as a growing list of records known as blocks, that are linked together by means of cryptography. Each block of records is made up of a cryptographic hash record of the previous block, transaction data and a timestamp. Blockchain technology has become a trending topic these days. And that is mostly because it is the foundation of the world's most famous cryptocurrency known as the Bitcoin. Many governments owned and leading international banks have decided to bring up many of their conventional transactions based on the concept of Blockchain. The applications and potential of this Technology are very huge and are generally considered to be changing the means by which transactions are carried out in various fields.
In present times, there is a lot of activities on Blockchain Technologies. Most People have described this as the most disruptive technology in the past 15 years. Especially here that the financial markets are the one that is mostly affected.
The applications of Blockchain Technology are now being adopted into many sectors like healthcare, medicines, smart Properties, insurances, automobiles, and even in government areas.
Components of Blockchain Technology
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