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Let’s simplify blockchain technology! Ever wondered what it is and why it’s so popular? Here’s the answer. Imagine a digital ledger 📒 that records every transaction. But instead of being stored in one place, this ledger is shared across a network of computers. This is what makes blockchain decentralized. Each transaction is grouped into a block. Once a block is complete, it gets linked to the previous one, creating a chain of blocks—hence the name, blockchain!
Here’s the cool part: blockchain uses cryptography to secure data. Once a block is added, it cannot be changed, ensuring transparency and trust.
Blockchain powers cryptocurrencies like Bitcoin 💰, but that’s not all! It’s used for tracking supply chains 🛒, creating smart contracts, and even securing medical records. Every transaction on the blockchain is verified by a network of computers, making it almost impossible to hack or tamper with.Now that you know the basics, where do you think blockchain will make the biggest impact?
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