- Simple Explanation: Blockchain is a decentralized digital ledger that records transactions across multiple computers, ensuring transparency, security, and immutability.
- Practical Example: Blockchain is used in cryptocurrencies like Bitcoin to maintain a transparent and secure record of all transactions.
- Advanced Explanation: Blockchain relies on cryptographic principles to create a distributed and tamper-resistant system, enabling secure peer-to-peer transactions without the need for intermediaries.
- Additional Resources:
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