#BlackRockETHOptions

A blockchain is a decentralized, digital ledger that records transactions across a network of computers. It's the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, but it has a broader range of applications beyond digital currency.Here's how it works:1. A network of computers is established, each with a copy of the blockchain.2. When a new transaction is made, it's broadcast to the network.3. The transaction is verified by special nodes on the network called miners.4. Once verified, the transaction is combined with other transactions in a batch called a block.5. Each block is given a unique code, called a hash, that connects it to the previous block, creating a chain.6. The block is added to the blockchain, making the transaction irreversible.Blockchain technology offers several benefits, including:- *Security*: Transactions are tamper-proof and irreversible.- *Transparency*: All transactions are recorded publicly.- *Decentralization*: No single entity controls the network.Blockchain has applications in various fields, such as:- *Supply Chain Management*- *Smart Contracts*- *Identity Verification*- *Healthcare*- *Voting Systems*Let me know if you'd like to learn more!