Technology Trends AP

Bitcoin’s hidden value is in its tracking technology called the blockchain

Blockchain might not be something you've heard of before, but leading governments around the world have certainly taken notice. It's a technology that could revolutionize the way organizations are run. The hidden value of bitcoin, the digital crypto-currency platform, lies in the technology that verifies and tracks transactions by network nodes that record the information in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account. It works without a central repository or single administrator, and many governments have announced plans to adopt the technology to keep track of transactions and simplify processes.

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