Blockchain is a decentralized digital ledger technology that enables secure and transparent record keeping. It is often used to facilitate transactions, such as financial transactions or the transfer of digital assets. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions and a reference to the previous block, forming a chain of blocks. This creates a permanent, unchangeable record of all transactions that is stored across the entire network. The most well-known application of blockchain technology is Bitcoin, a decentralized digital currency. However, blockchain can be used for a wide variety of other applications as well, such as: Smart contracts: Blockchain can be used to execute and enforce the negotiation or performance of a contract automatically. Supply chain management: Blockchain can be used to track t...
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