Blockchain Technology
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Last updated 11:30 PM on 6/14/25
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4 Terms
1
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Blockchain
Ledger that tracks transactions
Everyone on network can maintain ledger
2
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Blockchain Application
Practical Applications
Payment Processing
Digital Identification
Supply chain monitoring
Digital Voting
3
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Blockchain Process
Transaction → Sent to everyone in Blockchain → Block is added to larger block → Hashed Block → Copy sent to everyone
4
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Blockchain Purpose
If any modifications get done, everyone will know data is tampered
Note 
Flashcards (77)