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Blockchain technology is the backbone of cryptocurrencies, enabling secure and transparent transactions without the need for intermediaries. This decentralized ledger technology records all transactions in a public and immutable manner, ensuring accountability and trust within the crypto ecosystem. For traders, understanding blockchain fundamentals can provide insights into a cryptocurrency’s potential, as innovations or upgrades in technology can significantly impact market sentiment and prices. By grasping how blockchain works, traders can make more informed decisions and identify promising investment opportunities.
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