Introduction to Blockchain Technology

Blockchain technology, as an innovative decentralized ledger technology, has attracted widespread attention globally. Its core features include decentralization, immutability, transparency, and security. Blockchain ensures data integrity and immutability by storing data in a series of sequentially arranged blocks and linking these blocks through cryptographic methods. This structure makes blockchain an ideal technology for data storage and transaction records, widely applied in areas such as cryptocurrencies, smart contracts, and supply chain management.

The operation of blockchain relies on network consensus among nodes. These nodes validate and record transactions by executing specific consensus mechanisms like Proof of Work (PoW), Proof of Stake (PoS), among others. Whenever a new block is created and added to the chain, every node in the network updates its blockchain copy, ensuring data consistency and transparency.

The distinctive features of blockchain technology make it highly valuable in the digital era. It not only provides new solutions for transactions and data storage but also opens up possibilities for establishing decentralized digital economic ecosystems.