Blockchain operates on a decentralized system, meaning there is no central authority. Data is stored across multiple nodes (computers), making the system more secure and transparent.
Every transaction on the blockchain is recorded on a public ledger, ensuring transparency. The data is encrypted and immutable, making it highly secure against fraud and tampering.
Blockchain enables self-executing smart contracts, which automatically execute predefined conditions without intermediaries. This reduces costs, increases efficiency, and ensures trustless transactions.
Blockchain allows the creation of digital assets and tokens, enabling secure ownership, trading, and investment in various industries, including finance, gaming, and real estate.
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