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Blockchain in business
Blockchain in business

Academic studies on aspects of blockchain technology often use complicated technical phrases such as – to name the most important ones – distributed network, decentralized network, DLT (distributed ledger technology), consensus algorithm, PoW (proof of work) or PoS (proof of stake). For this reason, it often remains a complicated, even incomprehensible part of the world of new technologies. In this article I will try to answer the question in an accessible way – what is blockchain?

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