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Blockchain inventor satoshi nakamoto (a pseudonym) applied this new technology to cryptocurrency first with the introduction of bitcoin in 2008. The blockchain consensus mechanisms 18 2.1.4. Blockchain technology can have many applications 19. The main purpose of a cryptocurrency coin is to function as digital cash (also called digital currency). The most common use of blockchain technology currently is cryptocurrency, which allows people to make purchases and invest online without fear of fraud or loss.
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Most commonly, the blockchain is a block that contains information.
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