Blockchain technology is often synonymous with cryptocurrency, thanks to its role in powering Bitcoin, Ethereum, and other digital currencies. But blockchain’s potential goes far beyond financial transactions. Its decentralized, secure, and transparent ledger system has opened the door to applications across diverse industries, reshaping how we think about trust, efficiency, and innovation.

When it comes to blockchain technology, one critical component underpins its functionality and trustworthiness: consensus mechanisms. These mechanisms are how blockchain networks agree on the validity of transactions and maintain decentralization. Among the most discussed and widely adopted are Proof of Work (PoW) and Proof of Stake (PoS).

Blockchain technology is no longer confined to the realms of cryptocurrency; it’s transforming the very foundations of traditional industries. From revolutionizing financial services to enhancing transparency in supply chains, blockchain is reshaping how businesses operate and interact with consumers.

The term "blockchain" is often thrown around in conversations about cryptocurrency, fintech, and even supply chain management. But what is blockchain exactly, and why is it considered revolutionary? If you’re new to this concept, don’t worry. This guide will break down the basics of blockchain technology, its origins, how it works, and the impact it’s already having on various industries.