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Blockchain technology is a decentralized digital ledger that records transactions across multiple computers or nodes. It is a system designed to securely store and validate information without the need for a central authority or intermediary. At its core, a blockchain is a chain of blocks, where each block contains a list of transactions. These transactions are grouped together and verified by participants in the network through a consensus mechanism. Once verified, the block is added to the chain in a chronological order, creating a permanent and unalterable record of all the transactions. | |
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