Blockchain

A distributed ledger technology that maintains a continuously growing list of records, linked and secured using cryptography. Each block contains a cryptographic hash of the previous block, timestamp, and transaction data, creating an immutable chain. Blockchain technology enables decentralized systems without requiring a central authority, providing transparency and security. This innovation underlies all cryptocurrencies and has applications beyond finance, including supply chain management, voting systems, and digital identity verification.

Categories: blockchain technology