What is blockchain technology?
An example of an AI chatbot conversation about the fundamentals of blockchain technology.
What is blockchain technology?
Blockchain technology is a decentralized digital ledger that records transactions across many computers.
How does it ensure security?
It uses cryptographic techniques to secure data, making it nearly impossible to alter past records.
Can you explain how transactions work on a blockchain?
Sure! When a transaction is made, it is grouped with others into a block, which is then added to the chain after verification.
What are some real-world applications of blockchain?
Blockchain is used in various fields, including finance, supply chain management, and healthcare for secure data sharing.
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