“Blockchain Technology” is a decentralized and distributed ledger system that records transactions across multiple computers in a secure and immutable manner. Each transaction, or “block,” is cryptographically linked to the previous one, forming a continuous chain. This technology enables peer-to-peer transactions without the need for intermediaries, ensuring transparency, security, and decentralization. Blockchain has various applications beyond cryptocurrency, including supply chain management, healthcare, voting systems, and decentralized finance (DeFi). Its decentralized nature and cryptographic security make blockchain a revolutionary technology with the potential to transform industries, streamline processes, and create new economic models.
