Despite facing attacks from Chinese regulators and even Jamie Dimon last month, Bitcoin has never been more popular. In fact, a single bitcoin is currently valued at over $5,000 and rising—up from roughly $630 at this point last year.  Part of the cryptocurrency’s appeal can be traced to its use of blockchain, a decentralized ledger technology that anonymizes person-to-person transactions and updates client transactions and balances without going through a bank or other centralized authority.

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