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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-SimplilearnBlockchain forms the bedrock for cryptocurrencies like Bitcoin. The U.S. dollar is controlled by the Federal Reserve. Under this central authority system, a. Each cryptocurrency is associated with a blockchain that serves as its open ledger. Behind the Bitcoin cryptocurrency is a blockchain known as the Bitcoin. Many people have this misconception that cryptocurrency and Bitcoin are the same. But this is not true. There are various differences between.