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Blockchain is a decentralized and distributed digital ledger technology that securely records and verifies transactions across multiple computers. The blockchain consists of a chain of blocks, each containing a list of transactions or data. The blocks are linked together using cryptography, ensuring the integrity and immutability of the data recorded on the blockchain. Blockchain technology eliminates the need for intermediaries, such as banks or government institutions, by enabling direct peer-to-peer transactions. The decentralized nature of blockchain makes it resistant to tampering, fraud, and censorship. Blockchain was first introduced as the underlying technology behind the cryptocurrency Bitcoin but has since found applications beyond digital currencies. Blockchain operates on a consensus mechanism, where all participating nodes agree on the validity of transactions through a consensus algorithm. Public blockchains, such as Bitcoin and Ethereum, are open to anyone and allow for transparent participation.

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