Why is blockchain important because it provides a secure, transparent, and decentralized way to store and transfer data. By eliminating intermediaries, it enhances trust, reduces fraud, and increases efficiency in transactions. Blockchain ensures data integrity by creating immutable records that cannot be altered without consensus. This technology underpins cryptocurrencies like Bitcoin and Ethereum and is revolutionizing industries such as finance, supply chain, healthcare, and governance. Its decentralized nature makes it resistant to censorship and offers greater privacy and control to users. Blockchain is driving innovation by creating new opportunities for businesses and individuals alike.
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