Blockchain technology is revolutionizing financial systems by enabling faster, cheaper, and more secure transactions without the need for intermediaries like banks.
Blockchain extends beyond cryptocurrencies like Bitcoin, serving as a digital ledger shared across multiple computers for various transactions, making it difficult to alter without detection.
For individuals with a finance background and no tech knowledge, blockchain acts as a bridge between coding complexities and financial operations, offering a clearer understanding of money management.
The fundamental concept of blockchain resembles a digital ledger with interconnected blocks, each containing transaction details, forming an immutable chain that enhances transparency and security in financial processes.