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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-SimplilearnCryptocurrency is an encrypted form of digital currency that relies on blockchain technology and doesn't depend on financial institutions to. Learn about different types of digital assets, including blockchain-based digital assets, cryptocurrencies, NFTs and what these mean for businesses. The key thing to understand is that Bitcoin uses blockchain as a means to transparently record a ledger of payments or other transactions between parties.