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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-SimplilearnCurrency. Blockchain forms the bedrock for cryptocurrencies like Bitcoin. The U.S. dollar is controlled by the Federal Reserve. Under this central authority. Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them.
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