as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
explain the basic features of blockchain technology in 2-3 sentences.
user
blockchain is a distributed, digital ledger technology that records, stores, and tracks transactions between two or more parties. it is based on the concept of decentralization, meaning there is no central authority or server controlling the data. blockchains use cryptographic algorithms to ensure secure and immutable data storage and transactions.
assistant