Summary of Key Points
- Blockchain is a distributed digital ledger that securely records transaction data across a global network of computers, representing a revolutionary significance compared to traditional banking systems.
- Through cryptography and consensus mechanisms, blockchain ensures the immutability of data; once information is recorded, it cannot be modified or traced back.
- Blockchain not only supports the ecosystem of cryptocurrencies like Bitcoin and Ethereum but is also widely applied in various fields such as supply chain management, healthcare, and voting systems, bringing transparency, security, and trust to various industries.
The starting point of the technological revolution
Blockchain technology has profoundly changed multiple industries, particularly the financial sector. Compared to the centralized management model of traditional banks, blockchain introduces a completely new paradigm: a decentralized, transparent, and secure data and transaction management mechanism. Although this technology was initially designed as the infrastructure for cryptocurrencies like Bitcoin, its application scope has far exceeded the limitations of the financial sector, including