Cryptocurrency Q&A
How block chains work?
How block chains work?
Lorenzo
Thu Oct 10 2024
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7 answers
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I want to understand the workings of block chains. How do they function and what are the key components involved in their operation?
7 answers
Nicola
Sat Oct 12 2024
Blockchain technology operates in a decentralized manner, eliminating the need for a central authority to store or manage information.
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InfinityRider
Sat Oct 12 2024
This new block is then communicated to all the nodes in the network, prompting them to update their respective copies of the blockchain.
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DongdaemunTrendsetterStyleIconTrend
Sat Oct 12 2024
This is achieved by replicating the blockchain across a vast network of interconnected computers, creating a distributed ledger system.
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BonsaiLife
Sat Oct 12 2024
Each of these computers, known as nodes, maintains a copy of the blockchain, ensuring the data's integrity and security.
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SsangyongSpiritedStrengthCourageBravery
Sat Oct 12 2024
When a new block is created and added to the blockchain, it contains a record of the latest transactions.
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