Glossary - ChicksX

Blockchain is a decentralized digital ledger. It records transactions across multiple computers, ensuring security, transparency, and immutability.

Blockchain is a decentralized digital ledger technology. It records transactions across a network of computers, making data immutable and transparent. Each transaction is stored in a "block," linked to the previous one, creating a "chain." This ensures data integrity and prevents tampering. Unlike traditional databases, blockchain operates without a central authority, enhancing security through cryptographic techniques. It is the underlying technology for cryptocurrencies like Bitcoin. Beyond finance, blockchain has applications in supply chain management, healthcare, and more. Its transparency and security make it a revolutionary tool for trustless interactions in various industries.