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Blockchain is a decentralized digital ledger that enhances trust and transparency by eliminating the need for intermediaries and ensuring data security through cryptography. It addresses issues in traditional systems such as data tampering, single points of failure, and lack of transparency. The technology has real-world applications in finance, supply chain, healthcare, voting, and real estate, while also facing challenges like scalability and regulatory compliance.

Author

727723eucd012

Language

EN