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A Blockchain is a disruptive technological transformation akin to the advent of the internet for how businesses transact with one another. From tracking to transferring money, Smart contracts for Insurance, supply chain, and healthcare, Blockchain is transforming every aspect of the business. It’s not limited to any one industry as it spans across industries and applications.
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The four major types include utility, payment, security, and stablecoins. There also are DeFi tokens, NFTs, and asset-backed tokens. Of all cryptocurrencies, the most common are utility and payment tokens.