Blockchain technology, often hailed as one of the most transformative advancements of the 21st century, has revolutionized various sectors by introducing decentralized, transparent, and secure systems. Although it is primarily associated with cryptocurrencies like Bitcoin, the potential applications of blockchain extend far beyond digital currencies. This article delves into the intricacies of blockchain technology, its underlying principles, applications, and future prospects. What is Blockchain? At its core, a blockchain is a distributed ledger that records transactions across multiple computers in a network. Each transaction is bundled into a “block” and linked to the previous one, forming a “chain” of blocks.…