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Blockchain technology is a decentralized and distributed digital ledger system that enables secure, transparent, and tamper-proof recording of transactions across a network of computers. Unlike traditional centralized systems where a single authority controls data, blockchain relies on a peer-to-peer network where all participants share equal authority. Each transaction is recorded in a “block,” and once verified, it is added to a chain of previous transactions, forming a chronological sequence of data entries. This immutability and transparency make blockchain highly reliable for ______ ___ ___ ___ _____.
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