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Unveiling the vital role of blockchain technology in Bitcoin trading

Blockchain in Bitcoin trading is to principles. A blockchain is a distributed database that maintains a continuously growing list of records blocks. Each block contains a timestamp, transaction data, and a cryptographic hash of the previous block, creating an immutable and tamper-proof information chain.  Decentralization and trustless transactions One advantage of blockchain technology in Bitcoin trading is its decentralized nature. Unlike traditional financial systems, banks, and payment processors, Bitcoin operates on a peer-to-peer network for a central authority. This decentralization empowers individuals to engage in trustless transactions, as the blockchain serves as a transparent and immutable record of all Bitcoin...