Blockchains and tokens are often intertwined, but are tokens essential for a blockchain’s functionality?
Table of contents
Block Explorers: A Window into Blockchains
Block explorers are like search engines for blockchains. They provide transparency, allowing users to track transactions, view blocks, and examine wallet addresses. By entering a transaction hash into a block explorer, you can trace the details of a specific transaction.
Tokens and Security Regulations
The role of tokens raises questions about security regulations. Some argue that tokens, especially those representing assets, should be subject to federal securities regulations. The Securities and Exchange Commission (SEC) has been providing guidance on this matter.
Blockchain Applications: Document Verification
Blockchains have diverse applications. One use case is document verification, where a hash key on the blockchain can be used to retrieve document data, eliminating the need to carry physical documents.
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