What is Blockchain? [Applications of Blockchain in Cryptocurrency and Banking]

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  • Math

  • High School

  • 12th grade

  • Calculus and Advanced Math Concepts

  • English

Author's Instructions

Blockchain is a revolutionary form of data storage, thanks to its unique features like decentralization, immutability, transparency, security, and highspeed.

In a blockchain network, each block stores a specific volume of data and is encrypted using a hash algorithm; in this way, blockchain has extensive applications in cryptocurrencies and the modern banking industry.