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11/20/2024 4:15:00 PM (GMT+1)

How does the public registry technology work?

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The public registry technology is a distributed system for data storage that provides access to information for all participants in the network. This allows for a high level of transparency and security. Unlike centralized databases, the public registry does not depend on a single administrator, but is distributed across nodes, making it resistant to external influences and manipulations. Thanks to the use of cryptography, records in the registry become immutable, ensuring trust in the system. Public registries, such as blockchain, are widely used in cryptocurrency transactions and smart contracts, allowing users to securely exchange data without intermediaries.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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