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Blockchain And Cryptocurrency Explained In 10 Minutes - Blockchain And Cryptocurrency - SimplilearnBlockchain is the technology that digital currency, cryptocurrency and Bitcoin are built on. More specifically, it's the underlying technology that constructs a. Blockchain technology eliminates the need for a trusted party to facilitate digital relationships and is the backbone of cryptocurrencies. A blockchain is a decentralized, distributed, and often public, digital ledger consisting of records called blocks that are used to record transactions across.