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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Blockchain Technology Analysis: 5 Key Features Reshaping Business and Society
What is Blockchain?
Blockchain is a distributed ledger technology that can securely and reliably record various transaction information. It has the following main features:
Decentralization: Data is stored in a distributed network, relying on no centralized servers.
Immutable: Once data is written to the Blockchain, it is difficult to alter.
Traceable: All transactions have timestamps and can trace historical records.
Transparency: All nodes in the network can view the transaction records.
Smart Contract: Can deploy and execute automated contract code on the Blockchain.
Blockchain was initially used as the underlying technology for Bitcoin, and later gradually applied to various fields such as finance, supply chain, and healthcare. It is expected to reshape traditional business models and social governance methods.
However, blockchain technology is still in the development stage and needs improvement in areas such as scalability and privacy protection. There are still many unknowns regarding the future development of blockchain, which requires our continued attention and exploration.