Understanding the Purpose of Blockchain Technology in 2024, once a niche concept understood by a few tech enthusiasts, has now permeated various sectors, promising to revolutionise the way we handle data, conduct transactions, and ensure security. A leading education technology company, EverFi, underscores the importance of blockchain in its educational programs but argues that it is time to move beyond merely calling blockchain revolutionary. However, the surge in its adoption prompts a significant question: What is blockchain technology for, and why is it so popular? The Basics of Blockchain Technology…
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