*Blockchain Technology: A Revolution in the World of Technology and Finance*⤵️⤵️

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Experts describe it as the “backbone of the digital economy,” and researchers believe it could contribute to a major economic revolution, potentially changing the global financial system forever. So, what is Blockchain technology?*

- *Definition of Blockchain Technology*: A distributed database that records data in encrypted blocks, considered secure due to decentralized verification.

- *How Blockchain Works*: When a transaction occurs, a block is created and sent to the network, and computers solve complex equations to verify the data, with miners rewarded with cryptocurrencies.

- *Uses of Blockchain Technology*:

- Cryptocurrencies

- Non-fungible tokens

- Smart contracts

- Voting in elections

- Combating corruption

- *Disadvantages of Blockchain Technology*:

- Legal issues

- Excessive energy consumption

- Large storage space

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