Cryptocurrency Q&A What is the main purpose of block chain?

What is the main purpose of block chain?

Martino Martino Fri Dec 06 2024 | 6 answers 1260
I'm trying to understand the CORE reason why block chain technology exists. I want to know what its primary objective or function is in the broader context of technology and its applications. What is the main purpose of block chain?

6 answers

mia_anderson_painter mia_anderson_painter Sun Dec 08 2024
These parties can access the blockchain through a dedicated application.

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Valentina Valentina Sun Dec 08 2024
The access to this ledger can vary in terms of restrictions.

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Alessandro Alessandro Sun Dec 08 2024
One type of access is unrestricted, often referred to as 'permissionless'.

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Elena Elena Sun Dec 08 2024
In a 'permissionless' blockchain, anyone can read and write data without limitations.

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Silvia Silvia Sun Dec 08 2024
The blockchain serves as a medium for sharing information among various parties.

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