What does blockchain mean?

What does blockchain mean? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you a popular explanation of blockchain. Interested netizens should follow the editor to have a look!

Popular explanation of blockchain

1. Blockchain isa decentralized, distributed and non-tamperable ledger technology , used to record transactions and manage digital assets.

2. It consists of a growing chain of blocks, each block containing timestamps, transaction data and the hash value of the previous block, thus forming a secure and transparent recording system.

3. Blockchain eliminates the need for a central authority, allows users to directly conduct peer-to-peer transactions, and ensures the integrity and non-repudiation of information.

4. It has huge application potential in a wide range of fields such as finance, supply chain management and identity verification, providing innovative solutions for trust and transparency.

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