What is block chain technology?

A block chain is a shared, distributed ledger which consists of a structure of data where all the financial ledger entries are digitally signed to ensure their authenticity. This enables higher security for the transactions and no one can tamper it. The block chain technology is showing higher promise for the businesses due to its data integration strategy.

Block chain technology supports Bitcoin and other cryptocurrencies too.

Prasanna Kotamraju

Updated on: 27-Jun-2020

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