With every new technology, there is hype and there is reality. Binary District Journal attempts to separate the wheat from the chaff and put to rest the common myths surrounding blockchain. Everyone and their grandmother has heard of blockchain technology by now — unless you’ve been living under a rock, that is. The best way to understand blockchain is to think about it as a collection of records, or as a sort of ledger which contains transactions (financial or otherwise). Now here’s the twist: this ledger is shared between a network of computers and is updated and reconciled regularly. In…
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