What is the main function of a blockchain ledger? 🔊
The main function of a blockchain ledger is to provide a secure and transparent method for recording transactions in a decentralized manner. Each block in the chain contains a set of transactions and is linked to the previous block, ensuring an immutable record. This structure enhances trust among participants by providing verifiable and tamper-proof data. Blockchain technology is widely used in cryptocurrencies but is also applicable in various industries for supply chain management, voting, and digital identity verification.
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