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Introduction Blockchain technology has amassed significant interest in the past few years. This cutting-edge digital record system offers to change sectors, from banking to supply chain management. Understanding the essentials of blockchain is crucial for any individual keen on delve into the potential of the virtual realm. Body Content Understanding Blockchain Basics At its essence, blockchain is a type of decentralized ledger technology. Unlike traditional databases, it stores data in sections that are chained with each other. Each block holds a certain amoun