Hello everyon !
If you are new on binance or any trading platform , you should know the term "Blockchain"
For beginners, think of a blockchain as a digital ledger, kind of like a public, tamper-proof spreadsheet. It records transactions or data in a way that's secure and transparent. Here are the key points:
1. **Digital Ledger**: It's a digital record-keeping system.
2. **Decentralized**: No single entity or authority controls it. Instead, it's distributed across many computers (nodes).
3. **Blocks**: Information is grouped into blocks, like pages in a ledger.
4. **Immutable**: Once data is in a block, it's extremely difficult to change, ensuring trust.
5. **Security**: It uses cryptographic techniques to secure data.
6. **Applications**: Beyond cryptocurrencies, it's used in various industries for transparency and trust, like supply chain tracking or voting systems.
In essence, blockchain is a way to keep records that can't easily be tampered with and can be verified by anyone.
#Blockchain
#Decentralization
