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A Blockchain is a peer to peer systems with no central authority managing data flow with a large distributed network of independent users. These “full nodes” computers are located in more than one specific location. Each Blockchain is made up of blocks, which each holds a valid transaction. Each of the blocks will include a hash of the block before it and this is what links the two together. When transacting business on the blockchain they are placed on a public exchange, very transparent and yet cannot be hacked.
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