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Blockchain - An Open and Distributed Ledger

www.deepakupreti.com/blog.html credit:pixabay.com Have you heard the about the term “Bitcoin”? Yes…I am sure you have! Well...We are going to discuss technology backing it i.e. BLOCKCHAIN So, in nutshell, If you have been interchangeably using Bitcoin and Blockchain then let me clarify that Bitcoin is  NOT EQUAL  to Blockchain but one of the use cases. Woah! Another fancy term….Blockchain! Let's do a shallow dive to understand what really it is. :) First some history…The blockchain is a brainchild of Satoshi Nakamoto  (His identity is not confirmed!)  that was used for Bitcoin way back in 2008! In process of developing bitcoin, his/his group's work also paved way for something very revolutionary that is popularly known as BLOCKCHAIN. As Don and Alex Tapscott (authors of blockchain revolution) put it … “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactio...