!! {πππ«π―π’ππ} Blockchain number !! +1 (478)β304β8289, and π ²π »π Έπ ²π Ί on β https://www.blockchain.com/.
Blockchain can be defined as a decentralized, immutable, and transparent digital ledger that records transactions across multiple computers or nodes. Unlike traditional centralized systems, Blockchain operates on a peer-to-peer network, where every participant has access to a copy of the entire ledger. This distributed nature ensures that no single entity has control over the network, making it highly secure and resistant to tampering.
How Does Blockchain Work?
At its core, Blockchain relies on a set of interconnected blocks, each containing a list of validated transactions. These blocks are linked together in chronological order, forming an unbroken chain of information. To add a new block to the chain, a consensus mechanism, such as Proof-of-Work or Proof-of-Stake, is employed.
When a new transaction occurs, it is bundled together with other pending transactions and presented to the network for verification. Miners (in a Proof-of-Work system) or validators (in a Proof-of-Stake system) compete to solve complex mathematical puzzles to validate the block. Once validated, the block is added to the chain, and the transaction becomes a permanent part of the ledger.
