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Overall, the Blockchain has revolutionised the way we conduct our transactions, and it is likely to do so in the future. Blockchain has brought about numerous benefits to the traditional system, which include:

What is the blockchain ecosystem?

The blockchain ecosystem means the network of independent nodes and miners working together to maintain a continuously growing list of verified transactions. The ledger is protected by cryptography, and the network is open-source. This feature allows for transparency and trust among participants. Anyone with an internet connection can view and participate in the blockchain network. This decentralised nature makes it immune to political or economic manipulation.

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