currency

Here's a random crypto term for you:

Blockchain:

The blockchain is the underlying technology that powers cryptocurrencies like Bitcoin. It is a decentralized, distributed digital ledger that records transactions across many computers in a network.

Key points about blockchain:

1. Decentralized: The blockchain is not controlled by any single entity, it is a peer-to-peer network.

2. Distributed Ledger: The transaction data is recorded in "blocks" that are chained together chronologically, creating an unbroken record.

3. Transparency: The blockchain is transparent, as all transactions are publicly viewable, making the network secure and verifiable.

4. Immutability: Once a transaction is recorded on the blockchain, it cannot be altered or deleted, ensuring data integrity.


The blockchain technology has applications beyond just cryptocurrencies, such as in supply chain management, voting systems, and smart contracts.