The backbone of cryptocurrency
A blockchain is a decentralized, distributed ledger that records transactions across many computers. This technology ensures that the data is secure, transparent, and tamper-proof, as each block in the chain contains a list of transactions and is linked to the previous block using cryptographic hashes.
Once data is recorded on the blockchain, it cannot be altered, ensuring a permanent and unchangeable record of transactions.
All transactions are visible to participants in the network, providing a high level of transparency and trust.
Cryptographic techniques protect data, making blockchain highly resistant to hacking and fraud.
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