Blockchain, Cryptocurrency and Bitcoin | Shubham Dumbre

Blockchain

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. ... Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.

Cryptocurrency

Cryptocurrency is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.

Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

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