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Blockchain Complete Guide  

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Properties Of Blockchain

>No Third-Party intermediary.

Each node transacts with other node and transaction doesn’t go through another party (like Bank).  This property makes transactions faster and secure.

Once two parties transact and a transaction is initiated, miners will start to put that on to block. Once a block is created, it will be appended to the chain for each user.

On the downside, this process takes time making transaction and slows down the process as more users join the network.

> Censorship resistant

As there is no intermediary, a transaction doesn’t have to go through a central party which can block operation due to some external factors.

Due to all parties transacting themselves, regulatory governance becomes more important; because, It leads to Money Laundering like issues.

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