What is the main function of blockchain technology? 🔊
The main function of blockchain technology is to provide a secure and transparent way to record transactions and manage data. By utilizing a decentralized ledger, blockchain ensures data integrity, traceability, and resistance to tampering. This technology is critical in applications such as cryptocurrencies and supply chain management, where trust and security are paramount. Its immutable nature fosters accountability and enhances collaboration among multiple parties.
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