What is blockchain technology?
An example of an AI chatbot conversation about blockchain technology for beginners.
What is blockchain technology?
Blockchain technology is a decentralized digital ledger that records transactions across many computers securely.
How does it work?
It works by creating a chain of blocks, where each block contains a list of transactions. Once a block is filled, it's added to the chain.
What are its main benefits?
The main benefits include transparency, security, and the elimination of intermediaries in transactions.
Can you give me an example of its use?
Sure! One common use is in cryptocurrencies like Bitcoin, where blockchain ensures secure and transparent transactions.
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