What blockchain is?

Blockchain, #crypto , #Bitcoin ... They're all related to each other, but it's like they're not quite the same thing.

Let's dig in and talk about #blockchain today.

Basically, blockchain is a foundational technology that underpins #cryptocurrencies . As the name suggests, it's a chain of blocks.

Information is recorded in each block, and the blocks are linked together in a way that makes it impossible to tamper with or modify any of the records.

Originally developed in 1991 to eliminate the risks of forging digital documents, blockchain now serves the same function for cryptocurrencies.

Each block contains information about transaction details, and the chain linking the blocks allows us to trace the movement of assets from the moment they entered the network.

Another key feature of blockchain is that the chain is not stored in a central location, but is instead distributed across all the computers in the network.

If a user attempts to tamper with a block, the change will be rejected because it won't match the majority of the other blocks. This magical consensus protects us from potential cheaters

Blockchain is the foundation of all cryptocurrencies, but it's also being implemented in other industries where security is important, such as digital document management, gaming, art, and other areas.

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