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Bitcoin & Blockchain – What are they and why are they important?

While most people have heard of bitcoin (the electronic cryptocurrency), fewer have heard of its underlying technology – Blockchain. Blockchain is an electronic ledger for recording, confirming and totaling economic transactions. It’s a record of events that is shared between many parties. More importantly, once information is entered, this ledger can be shared among multiple users to create an unchangeable and time stamped record – or block – of their transaction, with each block linked to the previous one.