What is blockchain

Blockchain is a type of distributed ledger technology that records and stores transaction data across a decentralized, distributed network of computers. It is a secure, permanent, and transparent way of transferring data, allowing anyone with access to the ledger to view the data in real time. Blockchain technology is most commonly associated with cryptocurrencies, such as Bitcoin, but can be used for a variety of applications, including tracking ownership, verifying authenticity, and recording smart contracts.

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