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Blockchain technology is a revolutionary digital ledger system that ensures secure, transparent, and tamper-proof recording of transactions. Unlike traditional centralized databases, blockchain is decentralized, maintained by a network of computers (nodes). Each block contains a list of transactions, linked in chronological order, forming an immutable chain. The security of blockchain is a major advantage. Altering a single block would require changing all subsequent blocks, making tampering nearly impossible. Blockchain gained prominence with Bitcoin, the first cryptocurrency, introduced in 2009. Since then, it has evolved, giving rise to platforms like Ethereum, which extend blockchain's capabilities to include smart contracts and decentralized applications (dApps). These innovations have broad applications, from finance to supply chain management.
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