Definition - What does Blockchain mean?
Techopedia explains Blockchain
The block chain ledger helps to provide transparency for transactions. Although many bitcoin transactions are in some ways anonymous, the block chain ledger can link individuals and companies to bitcoin purchases and ownership by allowing individual parties, called miners, to process payments and verify transactions. Rather than a central company presiding over the use of bitcoin, these block chain originators serve central roles in the management and administration of this alternative currency system.
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