Blockchain is a decentralized technology that functions as a manipulation-resistant digital ledger.
Simply put, a blockchain is a digital record stored across a network of computers without a single holder. Each time a new transaction occurs, that information is recorded as a "block" and linked chronologically to previous blocks, forming an immutable chain of transactions.
The security of blockchain lies in the fact that the information cannot be changed without the consent of the majority of the network, creating a transparent and trusted system for transferring digital value or data.
Along with the popularity of crypto assets such as Bitcoin and Ethereum, blockchain technology is becoming the basis for innovation in various industries, promising great potential in improving the security and reliability of information systems.
Read More Vocabulary
Non-Fungible Token (NFT) | Smart Contract |
All-Time High (ATH) | Slippage |
All-Time Low (ATL) | Web3 |
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