What does blockchain technology mean? This is an issue that many netizens are concerned about. Next, the editor of PHP will bring you a popular explanation of blockchain technology. Interested netizens should follow the editor to have a look!
Popular explanation of blockchain technology
1. Blockchain is a distributed ledger technology, which is known for its security , transparent and tamper-proof.
2. It is essentially a decentralized database in which data is stored on multiple nodes, thereby eliminating the risk of single points of failure.
3. Key information blocks are linked together to form a chain and encrypted through cryptography to ensure the integrity and authenticity of the data.
4. Blockchain technology has wide applications in finance, supply chain management, digital identity and other fields, and it is expected to bring changes to various industries.
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