Blockchain and Cryptocurrency in North Carolina

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A blockchain is a digital, internet-based ledger for recording transactions. Each record or “block” adds to the cumulative list of transactions or “chain.” Because it is shared, decentralized, and cryptographically protected, a blockchain is broadly accessible, independently verifiable, and resistant to tampering. These features have enabled it to support digital cryptocurrencies such as Bitcoin and Ether that don’t require centralized intermediaries like banks. Some cryptocurrencies require complex verification, and individuals or firms compete to provide this service using computers in return for digital coins (cryptocurrency “mining”).

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