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10 Lines on Blockchain in English | 5 Lines on Blockchain in English | Few Important Lines on Blockchain in English

 

10 Lines on Blockchain
 in English | 5 Lines on Blockchain
 in English | Few Important Lines on Blockchain
 in English
10 Lines on Blockchain in English | 5 Lines on Blockchain in English | Few Important Lines on Blockchain in English


Do you want to read 10 Lines on Blockchain in English for kids and children? Then You are at the right place. Here you will read 10 Lines on Blockchain in English and also 5 lines on Blockchain in English language. If you have been given an assignment from school to write 10 lines on Blockchain in english or 5 lines on Blockchain in english then you can refer to the points given in the below article.

We have also created many such 10 Lines articles on our website for easy access to students of all classes.


10 Lines on Blockchain in English Details

Material

10 Lines on Blockchain /5 Lines on Blockchain

Language

English

For

Students of any Class 1-12

Format

Text

Provider

Sheni Blog


10 Lines on Blockchain in English

Students who are looking for 10 lines on Blockchain in english then you can refer to the 10 lines written about Blockchain below:

1) Blockchain can be understood as digital database. 

2) Blockchain was invented by Satoshi Nakamoto (Anonymous identity) in 2008.

3) Blockchain is widely used by Cryptocurrencies.

4) Blockchain, as name suggests, consists of blocks connected through chains.

5) Blockchain is a decentralized system for holding records.

6) Records are highly secured in Blockchain.

7) Bitcoin is the first real-life implementation of Blockchain technology.

8) The blockchain network is categorized into four types; public, private, consortium and hybrid.

9) Each block in Blockchain contains record, own hash and hash of previous block.

10) Storing hash of previous block will eliminate the chances of data misplace.



5 Lines on Blockchain in English

Students who are looking for 5 lines on Blockchain in english then you can refer to the 5 lines written about Blockchain below:

1) Blockchain is a fastest as well as cheapest form of transaction.

2) Blockchain.com is a company which provides platform to manipulate crypto transactions.

3) Blockchain.com was founded by Ben Reeves in 2011. 

4) Transactions in blockchain are irreversible.

5) As it is a new technology, one must have sufficient knowledge before working on Blockchain.



Few Important Lines on Blockchain in English

Also, these are few important lines on Blockchain in English if any students require them.

6) If one lost the private keys then accessing the Blockchain network would be nearly impossible.

7) Blockchain miners are responsible for verifying transactions.

8) Records of blockchain are immutable (can’t be changed), therefore can’t be hacked.

9) In Blockchain, peer to peer transaction takes place over distributed network.

10) Blockchain mining works on the basis of Proof of work (each transaction is verified by various nodes).



How to Find 10 Lines on Blockchain in English or 5 Lines on Blockchain in English?

  1. Visit our website Sheni Blog.
  2. Now search for the main 10 Lines articles.
  3. Once on the main page search for the particular topic i.e Blockchain .
  4. Click on the 10 Lines on Blockchain in English page for complete assignment.

Conclusion on 10 Lines on Blockchain in English

Hope you liked our post on 10 lines on Blockchain in english. If so, Don’t forget to share it with your fellow classmates. Thank you so much for using this website. If you have any suggestions regarding the content published on this page. Don’t bother to let me know in the comments.


FAQs Regarding 10 Lines on Blockchain in English | 5 Lines on Blockchain in English


Where can i get 10 lines on Blockchain in English??

Students on any class can get 10 lines on Blockchain in english on this page above.

Where can i get 5 lines on Blockchain in English?

Students on any class can get 5 lines on Blockchain in english on this page above.

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