Blockchain is a decentralized‚ digital ledger maintained by a distributed network. It stores data in blocks chronologically‚ secured by cryptography. This ensures transparency‚ security‚ and data immutability;
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Blockchain Basics
At its core‚ blockchain uses blocks linked together in a chain. Each block contains a hash of the previous block‚ transaction data‚ and its own hash. This creates a secure system for transactions.
How it Works
Imagine a distributed database where information is stored in a sequence of blocks. Transactions require minimal tools for users. Blockchain is transforming economies and enabling new business models.
Essentially‚ blockchain technology allows data to be securely stored and transmitted as linked blocks. Each block contains information and a link to the previous one‚ forming a chain that protects against alteration.
In cryptocurrency‚ blockchain securely stores transaction information by linking blocks in a cryptographic order‚ ensuring security‚ decentralization‚ and transparency.
