Blockchain
Blockchain is a digital ledger technology that securely records transactions across a network of computers. Each transaction is grouped into a "block," which is then linked to the previous block, forming a "chain." This structure makes it nearly impossible to alter past records, ensuring transparency and trust. Blockchain enables innovations like cryptocurrencies, smart contracts, and decentralized applications, empowering users with greater control over their data and enabling secure peer-to-peer transactions without intermediaries. Its potential spans various industries, from finance to supply chain management, promising increased efficiency and enhanced security in how we exchange information and value.
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Blockchain is a secure, digital ledger technology that records transactions across multiple computers in a way that the recorded information is nearly impossible to alter or tamper with. Each transaction is grouped into a "block," and these blocks are linked together in a chronological chain, hence the name "blockchain." This decentralized system enhances transparency and trust, as everyone involved can see the same information. It's commonly associated with cryptocurrencies like Bitcoin, but its applications extend to supply chains, contracts, and more, enabling secure and transparent record-keeping without the need for a central authority.