GENAIWIKI

Distributed Systems

Blockchain

A decentralized digital ledger technology that securely records transactions across multiple computers.

Expanded definition

Blockchain is a system that allows data to be stored across a network of computers so that it cannot be altered retroactively without the consensus of the network. This technology underpins cryptocurrencies but has broader applications, including supply chain management and secure voting systems. By ensuring transparency and security, blockchain fosters trust among parties without the need for intermediaries.

Related terms

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