Blockchain Name and Explanation in English

Name: Blockchain

Explanation:

Blockchain is a decentralized, distributed ledger technology that enables secure, transparent, and immutable transactions without the need for intermediaries. It consists of a chain of blocks that contain digital records of transactions, which are linked together using cryptographic hashes. Each block in the chain contains a timestamp and a reference to the previous block, creating a secure and tamperproof record of all transactions.

Blockchain technology has gained popularity in various industries due to its ability to ensure trust, transparency, and efficiency in processes such as financial transactions, supply chain management, voting systems, and more. By utilizing consensus mechanisms and smart contracts, blockchain has the potential to revolutionize traditional systems and create new opportunities for innovation.