#ETHETFS #btc70k Understanding Blockchain Technology

Blockchain: The Backbone of Bitcoin

Blockchain technology is the underlying framework that powers Bitcoin and other cryptocurrencies. It is a decentralized, distributed ledger that records all transactions across a network of computers. Each block in the chain contains transaction data, a timestamp, and a cryptographic hash of the previous block, ensuring the integrity and security of the entire chain. Blockchain's transparency and immutability make it a reliable system for various applications beyond cryptocurrencies, including supply chain management and digital identity verification#ETHETFS #btc70k #altcoins #altcoins