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If You Understand This Video About Blockchain You Are in The Top 0.0001% of People That Get itBlockchain, the distributed ledger technology underlying bitcoin, may prove to be far more valuable than the currency it supports. Blockchain technology produces a structure of data with inherent security qualities. It's based on principles of cryptography, decentralization and. Blockchain technology is not inherently more or less secure than other technologies. The five main steps in executing and verifying.