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Blockchain technology is a decentralized digital ledger system that records transactions across a network of computers in a secure, transparent, and tamper-resistant manner. Unlike traditional centralized databases, where a single authority controls the data, blockchain distributes information across multiple nodes, ensuring that no single entity can alter or manipulate records without consensus from the network. This decentralization enhances trust, security, and reliability, making blockchain particularly useful in environments where multiple parties need to verify transactions without relying on intermediaries. Each record in a blockchain is stored as a “block” containing transaction details, a timestamp, and a cryptographic hash that links it to the previous block, creating a continuous chain of data—hence the ___ ________ ____ ___ ___.
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