Blockchain Flash Cards +

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01 Foundation

Blockchain

What is a blockchain and how does it work?

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01 Foundation
A blockchain is a distributed, immutable ledger that records transactions across multiple computers in a way that makes the records extremely difficult to alter, hack, or cheat.
Each block contains cryptographic hashes linking to the previous block, creating an unbreakable chain. Consensus mechanisms ensure all network participants agree on the ledger's state.
Bitcoin blockchain: Each transaction is grouped into blocks, verified by miners, and permanently recorded, creating a transparent and tamper-proof payment system.
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