What Network Engineers Should Know About Blockchain

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Blockchain enthusiasts claim the technology will do for transactions what the Internet did for communications: essentially upend transactions as we known them.

“Blockchain is going to become everything,” said Brendan Blumer, CEO of Block.one, a company that creates blockchain technologies for businesses. “In my opinion it’s as big as the Internet.”

Blockchain is the distributed ledger technology that became famous, or infamous depending on your view, for powering bitcoin. Bitcoin allows people to exchange currency online without using banks or other middlemen. Bitcoin was the first blockchain application. But the possibilities for using the technology are endless.

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