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Why is blockchain important because it provides a decentralized, transparent, and secure way to record and verify transactions. By using a distributed ledger across multiple computers, blockchain eliminates the need for intermediaries, reducing fraud, errors, and costs associated with traditional financial systems. Its immutability ensures that it cannot be altered once data is added to the blockchain, making it ideal for applications requiring high levels of trust and security, such as financial transactions, supply chain management, and healthcare. Blockchain also facilitates the development of decentralized applications (DApps) and smart contracts, offering new opportunities for innovation across industries. Its ability to ensure transparency, reduce inefficiencies, and enhance security is transforming how businesses and individuals interact in the digital world.

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