| Summary: | Blockchain is the technology that powers the much-talked
about cryptocurrency, Bitcoin. However, Bitcoin is just one
application of the blockchain. Blockchain is essentially
a “chain of blocks,” where each block represents a set
of records. Each such record could, in turn, represent a
cryptocurrency, a land plot, a diamond, or even an identity.
In this sense, if the traditional Internet is an Internet of
information, blockchain is considered the “Internet of
value.” Therefore, the technology has the potential to
revolutionize the way value is stored and exchanged.
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