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What Is Blockchain Technology? - Here Are a Few Things to Know

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Decentralization, immutability, and Consensus are the key features of blockchain. The following are the key components of blockchain technology:

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It is a shared database that stores all the transactions in the blockchain.

Distributed Ledger

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This helps in self-managing business contracts without the assistance of third parties.

Smart Contracts

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It helps uniquely identify participants in the blockchain network.

Public Key Cryptography