What is Blockchain?
Blockchain is a decentralized, distributed ledger technology that records transactions across multiple computers in a secure, transparent, and tamper-proof way. It is the foundation behind cryptocurrencies like Bitcoin and Ethereum.
Key Features of Blockchain:
Decentralization: No single authority controls the network.
Transparency: All transactions are visible on the public ledger.
Security: Uses cryptographic algorithms to secure data.
Immutability: Once recorded, data cannot be altered or deleted.
Efficiency: Enables fast, low-cost, and global transactions.
Types of Blockchain:
Public Blockchain: Open to anyone (e.g., Bitcoin, Ethereum).
Private Blockchain: Controlled by a specific organization.
Hybrid Blockchain: Combination of public and private features.
Why Blockchain Matters Beyond Crypto:
Blockchain is not just about cryptocurrencies. It is being used in supply chain management, healthcare, voting systems, identity verification, and more. Its ability to ensure trust without intermediaries makes it revolutionary.
Trading & Blockchain Connection:
All crypto trades on platforms like Binance are recorded and verified through blockchain technology, ensuring transpar
ency and security for users.
