Blockchain technology has been one of the most talked-about innovations in recent years. This revolutionary technology has the potential to transform varied industries from finance, to healthcare and beyond. But what exactly is Blockchain, and how does it work? In this article, we will delve into the intricacies of Blockchain technology, its underlying principles, and possible applications.
What is Blockchain Technology?
Blockchain technology is a decentralized digital ledger that records transactions on multiple computers securely and transparently. A Blockchain consists of a series of blocks, each containing a list of transactions.
The blocks are linked concurrently, in chronological order, creating a chain of blocks, thus the name Blockchain. One of the most significant advantages of Blockchain technology…
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