Blockchain technology is a decentralized, digital ledger system that records and tracks transaction data across multiple computers in an encrypted form. It is the underlying technology powering cryptocurrencies like Bitcoin, Ethereum, and Ripple. Blockchain technology allows users to securely store, send, and receive digital value over the internet in the form of cryptocurrency. Transactions are recorded on a public ledger and secured through cryptography, making it virtually impossible for anyone to alter or delete existing transactions without the permission of other users. This makes it the perfect platform for securely storing digital currency and real-time payments, allowing individuals to securely transfer money and value without any third-party intermediary.