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Blockchain is a decentralized digital ledger technology that records transactions across many computers in a way that the registered transactions cannot be altered retroactively. This technology underpins cryptocurrencies and has potential applications in various industries.
Key Features of Blockchain
Decentralization: Eliminates the need for a central authority.
Transparency: All participants can view the transaction history.
Security: Uses cryptographic techniques to secure data.
Blockchain technology is revolutionizing how we think about trust and verification in digital transactions.
