Blockchain is a type of decentralized technology. It stores all transaction records on a public network that anyone can view, but no one can change at will.
Each transaction is recorded in a βblock,β and these blocks are connected in chronological order, forming a βchainββhence the name, blockchain.
Every block can be traced back to previous transactions, making it almost impossible to alter without being noticed by the entire network. This gives blockchain a high level of security and transparency.
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