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Comprehending Blockchain Explained in Real Time
Blockchain systems is a transformative way to store information. Imagine a digital database that is distributed across a group of computers. Each entry is grouped into a block, which is then connected to the foremost block, creating an unalterable history.
- That means that once information is on the blockchain, it is prohibited from be altered.
- Each node in the network has a duplicate of the blockchain, so everyone agrees on the same version of events.
- It makes blockchain protected and transparent to all.
As information is added to the blockchain in a sequential manner, it provides an accurate record. Think of here it like a shared database that anyone can access.
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