Blockchain and Cryptocurrencies
Blockchain, the foundation of cryptocurrencies, is a decentralized ledger technology. It ensures transparency and security through cryptography, enabling smart contracts and maintaining an immutable transaction history. Cryptocurrencies like Bitcoin and Ethereum leverage blockchain for peer-to-peer transactions and decentralized applications. They find use in finance, supply chain management, and healthcare. Challenges include regulatory uncertainties, scalability issues, environmental concerns due to energy-intensive mining, and individual security risks. Blockchain and cryptocurrencies continue to reshape industries, offering novel possibilities, though addressing these concerns is essential for their widespread adoption and long-term sustainability.
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