Indeed, blockchain is often described as a shared or distributed ledger. It's a decentralized database that is maintained by a network of computers, k
Indeed, blockchain is often described as a shared or distributed ledger. It’s a decentralized database that is maintained by a network of computers, known as nodes. Each node on the network has a copy of the entire blockchain, and they work together to validate and record transactions in a secure and transparent manner.
The “shared” aspect of blockchain refers to the fact that the ledger is not owned or controlled by any single entity. Instead, it is maintained collectively by the participants in the network. This distributed nature of blockchain provides several benefits, including increased security, transparency, and resistance to censorship or fraud.
Blockchain technology is most commonly associated with cryptocurrencies like Bitcoin, where it serves as the underlying technology for recording and verifying transactions. However, its applications go beyond finance, with uses in various industries such as supply chain management, healthcare, and more. If you’re curious about any specific aspect of blockchain, feel free to ask!
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