# The blockchain space is growing fast 

By [Villeroy Mark](https://paragraph.com/@ethernalus) · 2022-09-02

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**The blockchain space is growing fast** and it is expected to be a technology that will impact the world in the next five years. It is a decentralized and transparent ledger that records transactions between users, and can be used to create applications and other services. Blockchain is a digital ledger of all transactions on a network. Transactions are verified by a group of nodes. There is no central authority controlling the network, instead each node acts as a validator.

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*Originally published on [Villeroy Mark](https://paragraph.com/@ethernalus/the-blockchain-space-is-growing-fast)*