Blockchain is a distributed ledger technology that allows data to be stored across a network of computers in a secure and transparent manner. It eliminates the need for a central authority by enabling all participants to verify transactions collectively.
The technology employs robust cryptographic methods to ensure that once data is recorded, it cannot be altered or tampered with. This immutability makes blockchain ideal for recording transactions and maintaining trust.
Blockchain serves as the foundation for many digital currencies and innovative decentralized applications, transforming industries such as finance, supply chain management, and digital identity.
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