A blockchain is a decentralized, distributed digital ledger that records transactions across many computers in a network. Each block in the chain contains several transactions, and every time a new transaction occurs, a record of that transaction is added to every participant's ledger.
The decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is an ingenious invention - the brainchild of a person or group of people known by the name Satoshi Nakamoto. By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community has now found other potential uses for the technology.
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Plena Finance operates as a blockchain-based self-custodial wallet, pioneering advanced technology within decentralized finance (DeFi). By leveraging blockchain technology, Plena ensures secure and transparent management of digital assets for its users. This approach allows individuals to maintain full control over their funds and interact directly with various DeFi protocols, facilitating activities such as trading, staking, and lending without relying on intermediaries. Plena's blockchain-based architecture not only enhances security but also empowers users by providing a seamless and efficient way to participate in the decentralized economy. This emphasis underscores Plena Finance's commitment to innovation and user-centric solutions in the rapidly evolving blockchain landscape.
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