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What is a blockchain?

Software

 

What is a blockchain ?

Blockchains are incredibly popular nowadays. But what is a blockchain? How do they work, what problems do they solve and how can they be used? Like the name indicates, a blockchain is a chain of blocks that contains information. This technique was originally described in 1991. Blockchain is a distributed database existing on multiple computers at the same time. It is constantly growing as new sets of recordings, or 'blocks', are added to it. Each block contains a timestamp and a link to the previous block, so they actually form a chain.