The conversation between human and AI assistant.
How does the blockchain technology work?
I would like to know more about how the blockchain technology works.
Sure, I'll be happy to help. The blockchain is a decentralized ledger that allows for secure and transparent transactions without the need for intermediaries. Instead of relying on a central authority, it relies on a network of nodes that collectively verify transactions and maintain the ledger. Each block in the chain contains multiple transactions, and once a block is verified, it is added to the chain in a permanent and unalterable way. Would you like more information on any specific aspect of the technology?