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  1. Categories >> Software >> Cryptography >> Blockchain
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Is the Blockchain Different from Banking Ledgers?

Question Posted / Rajeev Raghuwanshi

Answer Posted / Rajeev Raghuwanshi

Yes, the Blockchain is fundamentally different from traditional banking ledgers. While a banking ledger is typically centralized and managed by a single institution, the Blockchain is decentralized and managed by a network of nodes. Additionally, transactions on the Blockchain are cryptographically secure, transparent, and irreversible, unlike most financial transactions.

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