<ul><li>Blockchain is a decentralized digital ledger that securely records transactions across numerous computers.</li><li>It provides transparency, immutability, and security, making fraud and data manipulation difficult.</li><li>Blockchain operates on a decentralized network of computers (nodes) and uses consensus mechanisms to validate transactions.</li><li>Smart contracts are self-executing contracts written in code that automate processes, eliminating the need for intermediaries.</li></ul>

What Is Blockchain? The Ultimate Guide for Businesses

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