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Blockchain is a distributed ledger technology that underlies many cryptocurrencies, including Bitcoin, and has a wide range of applications beyond digital currencies. It is essentially a digital, decentralized database that records transactions across a network of computers.
This technology has the potential to disrupt various industries by providing a more secure, transparent, and efficient way to record and verify transactions and data. However, its widespread adoption and integration into existing systems are ongoing challenges that the technology continues to face.