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Blockchain In 1 Minute - What Is Blockchain - Blockchain Explained -How Blockchain Works-SimplilearnBlockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. The original Blockchain is open-source technology which offers an alternative to the traditional intermediary for transfers of the crypto-currency Bitcoin. The. Simply put, a blockchain is a shared database or ledger. Pieces of data are stored in data structures known as blocks, and each network node has a replica of.