Blockchain

What is the blockchain?

Blockchain Definition: A blockchain stores information in a digital platform or network and play a vital role in cryptocurrencies. They are a distributed database shared across various nodes in a computer network. They maintain a level of security for decentralized transactions, storing information, and guaranteeing a level of trust.

As new information and transactions are processed or added, these form new blocks, which are then added to the existed chain once they are filled. Blockchains differ from a database in that they form blocks of data, whereas a database forms into tables or grids. Each block that is filled with information is strung in sequence to create a permanent record that can’t be reversed. A blockchain is a ledger that records transactions, and it’s a decentralized platform to ensure that no one entity has complete control.

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