Blochchain Technology 👉

Blockchain technology is a decentralized and distributed ledger system that records transactions across a network of computers in a secure and transparent manner. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chronological and unchangeable chain.Key features of blockchain technology include:Decentralization: No single entity has control over the entire blockchain, making it resistant to censorship and tampering.Transparency: The entire transaction history is visible to all participants in the network, enhancing transparency and trust.Immutability: Once a block is added to the chain, it is nearly impossible to alter previous blocks, ensuring the integrity of the entire transaction history.Security: Cryptographic techniques secure transactions, making it challenging for malicious actors to manipulate the data.Blockchain is the underlying technology for cryptocurrencies, but its applications extend beyond finance. It's being explored for various uses such as supply chain management, smart contracts, and decentralized applications (DApps).#blockchain​ #Web3CreativeHub #TechnicalStudy