Blockchain is the term for the latest decentralized technology known as the technology that runs Bitcoin. Although it took quite a long time, the world has changed a lot since the Internet was first discovered 35 years ago. Now, the Blockchain offers a high-level solution that has the potential to revolutionize the workings of the internet, banking and applications without servers.
Transactions using Blockchain technology are peer-to-peer, meaning that data (can be messages, money, or important information) can be transferred from one user to another without the help of a third party to process it. With Blockchain, we no longer need to depend on one server because all transactions are replicated throughout the network so that we avoid various forms of fraud because of modified data, server down, or hacked accounts. For example in the world of Bitcoin, we no longer need to trust someone or a company to control and transfer our money. Remittances using Bitcoin can be done anytime, anywhere, anywhere in the world, as easy as you give an apple to a friend sitting next to you - without a third party!
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