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.
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provide an overview of blockchain technology
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blockchain technology is a distributed database that stores transactions across a peer-to-peer network. it uses cryptography to secure and verify transactions and allows for the development of decentralized applications (dapps) on top of it. it is a type of distributed ledger technology (dlt) that is immutable and has no single point of failure. the blockchain is maintained by a network of computers, or ‘nodes’, which are constantly verifying the chain and updating it with new data.
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