First, we need to determine if its a software (bad drivers or a buggy update – most common cause) or hardware (RAM or SSD corruption) issue. I recommend following below steps in order:

1. Undo last update. A buggy update is the most common cause of blue screen in my experience.
2. Run chkdsk c: /f
3. Run sfc /scan
4. Run Windows Memory Diagnostics if you are able to boot in. This will check if RAM is corrupted. Do not use memtest86 utility. It just gave me a blank screen and maxed out CPU for hours.
5. Restore the PC to a previous restore point if you have one.
6. Reset the PC

In my case it was a bad Windows update that caused the error (thanks Microsoft). Resetting the PC fixed it.

Btw Mac is not any better. 2023-09-15: My M2 Mac Mini refused to boot and just died within three months of use. Thanks Apple.