What is the primary function of blockchain technology in cryptocurrency?
- Centralized control
- Decentralized and secure record-keeping
- Transaction encryption
- User authentication
Blockchain serves as a decentralized and secure ledger for cryptocurrency transactions. It ensures transparency, immutability, and tamper resistance by distributing transaction data across a network of nodes. Understanding this fundamental function is crucial for grasping the core principles behind blockchain-based cryptocurrencies like Bitcoin.__________________________________________________
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