Blockchain forms the bedrock for cryptocurrencies like Bitcoin… By spreading its operations across a network of computers, blockchain allows Bitcoin and other cryptocurrencies to operate without the need for a central authority. This not only reduces risk but also eliminates many of the processing and transaction fees. ( Investopedia).

You may also refer to ” Hashgraph Consensus” ; “Blockchain Ledger and DLT’s”; “Bitcoin Mining”; to be found under our Finance category to enhance your knowledge of the blockchain distribution system and how it relates to cryptocurrency. Trust me on this one, it is very interesting and worth knowing about.

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Learn more about finance terms at Investopedia

Categories: Finance

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