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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a. Cryptocurrency users send funds between digital wallet addresses. These transactions are then recorded into a sequence of numbers known as a �block� and. It provides the way to move new bitcoins into circulation. It is related to the fact that records (known as blocks) in the Bitcoin blockchain are limited in.