Cryptocurrency Q&A
What is blockchain and how does it work?
What is blockchain and how does it work?
Martina
Wed Dec 04 2024
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6 answers
1732
I'm trying to understand the concept of blockchain and its functionality. Could someone explain what blockchain is and how it operates in simple terms?
6 answers
Lucia
Fri Dec 06 2024
These blocks are not just randomly placed; they are interconnected through cryptography.
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LightningStrike
Fri Dec 06 2024
Each block in the chain contains a cryptographic hash of the preceding block. This hash acts as a unique identifier and ensures the integrity of the data.
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GwanghwamunGuardianAngelWings
Fri Dec 06 2024
A blockchain is a sophisticated technological concept that serves as a distributed database.
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SumoHonor
Fri Dec 06 2024
Alongside the cryptographic hash, each block also includes a timestamp. This provides a historical context and ensures that the order of transactions is maintained.
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Andrea
Fri Dec 06 2024
The core function of these blocks is to store transaction data. Whether it's a transfer of cryptocurrency or any other digital asset, the details are securely recorded within these blocks.
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