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What Is Blockchain?

By Anders Bylund – Updated Jan 1, 2025 at 10:41AM

Key Points

  • Blockchain technology is a secure ledger system powering financial and computing networks.
  • Its approval processes, like proof-of-work or proof-of-stake, enhance security and transaction efficiency.
  • Blockchain allows for rapid, secure data transactions influencing fintech and other industries.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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