Blockchain technology is a secure and transparent way to record and verify transactions. It works as a digital ledger that is distributed across many computers, making it nearly impossible to alter past records without consensus. Each transaction is grouped into a block, and these blocks are linked together in a chain, hence the name “blockchain.”
Originally developed for cryptocurrencies like Bitcoin, blockchain has many other applications, including supply chain management, voting systems, and secure data sharing. Its ability to provide trust without a central authority has the potential to revolutionize industries by increasing transparency, reducing fraud, and improving efficiency. Shutdown123