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The ledger size had exceeded GB by early The words block and chain were used linked together via cryptographic hashes. Because all early blockchains were.
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Blockchain In 1 Minute - What Is Blockchain - Blockchain Explained -How Blockchain Works-SimplilearnWhat is blockchain? Blockchains can broadly be defined as a new type of network pdf). 1. Page Draft Discussion Paper. Blockchain: The India Strategy. A blockchain is essentially a distributed database of records or public ledger of all transactions or digital events that have been executed. Bitcoin and blockchain are not the same. Blockchain provides the means to record and store bitcoin transactions, but blockchain has many uses beyond bitcoin.