What is Blockchain Technology?
A Revolutionary New Way to Store and Secure Data
A blockchain is a distributed database that is used to maintain a continuously growing list of records, called blocks. Each block contains a timestamp, a transaction record, and a reference to the previous block. By design, blockchain is inherently resistant to modification of the data. This is because once a block is added to the chain, it is very difficult to alter it without altering all subsequent blocks, which requires collusion of the network majority.
Blockchain technology is still in its early stages of development, but it has the potential to revolutionize many industries. For example, blockchain could be used to create more secure and transparent voting systems, to track the movement of goods and services, and to create new financial products and services.
If you are interested in learning more about blockchain technology, there are a number of resources available online. You can also find blockchain meetups and workshops in most major cities.
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