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The blokcchain relies on third-party security, however, the security inherent the miner to stake some. The original blockchain was designed to rely on inefficient mining.
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Economist explains the two futures of crypto - Tyler CowenYes. Blockchain is a chain of blocks made up of data, where users can store virtually every piece of digital data they want or need. The reason. According to the definition of cryptocurrency, the answer is no. The defining characteristic of any cryptocurrency is that security is ensured. In fact, there are many use cases for blockchain technology that do not involve cryptocurrencies, such as supply chain management, voting systems, and identity verification.
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