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In the first generation of blockchain platforms, there were many limitations to scalability, the high consumption of energy, limited support of smart contracts, and so on. Blockchain technology is now finding new range of applications beyond finance. Blockchain technology's innovative and distinct characteristics include automation, decentralization, and transparency. Cryptocurrency is just another type of data that can be stored on a blockchain. Blockchain is the technology the underpins digital currency (bitcoin, litecoin, ethereum, and the like).
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