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Blockchain And Cryptocurrency Explained In 10 Minutes - Blockchain And Cryptocurrency - SimplilearnBitcoin (as well as Ethereum and many other cryptocurrencies) uses a technology called public-private key encryption. This allows them to be �trustless� � and. To start, cryptographic technology enables the immutability of the Bitcoin blockchain's transaction history. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a.