Blockchain is both a challenge and a solution for regulators: Issues and potential solutions. Blockchain is a distributed database that maintains information in blocks which are continually expanding. Each block contains records of transactions or digital events executed and shared among parties. Bitcoin, the most popular cryptocurrency that serves as a proof of Blockchain technology. Here are some key points that further explain Bitcoin: Decentralization: Bitcoin differs from traditional transactions, as blockchain doesn’t rely on a central server. Instead, the data is distributed among millions of connected computers worldwide, making it publicly verifiable and incorruptible. Blockchain is publicly incorruptible due…
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