Blockchain

Blockchain Basics

Blockchain is a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by a single entity. Transactione is the basic element of the bitcoin blockchain. Many transactions form a block. Transactions are validated & broadcast. Blocks go through a consensus process, to select the next block that will be added to the chain. Chosen block is verified & added to the current chain.

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April 1, 2022