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Home What type of technology is blockchain?
11 Oct 2022 By PAYCEC
Blockchain technology is the algorithm that safely delivers consumers' data through a complicated and encrypted system similar to a company's accounting ledger, where the budget is strictly supervised and transactions are meticulously recorded. As a result, this technology is being used to create a blockchain payment gateway.
Each block contains time and creation date information, as well as a time code and blockchain transaction data, and is linked to the previous block. Cheating or stealing data functions cannot modify approved data on the system.
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