Blockchain 101: What are the advantages and disadvantages of this technology?

Blockchain is an immutable ledger that holds information in linked blocks using cryptography. Every block has a cryptographic hash of the previous one and a timestamp. At the same time, the blockchain is a distributed and decentralized digital ledger that records transaction data, which can’t be altered once recorded to the platform. Blockchain is highly associated with cryptocurrencies, and this technology was first introduced into the world when Bitcoin was developed. However, Ethereum is the platform that leveraged blockchain’s potential the most and didn’t use it only for crypto transactions.…

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