How Do Blockchains Work?
The blockchain is a distributed ledger technology that records all transactions conducted by participants in the network.
Networks are sustained by a group of computers (called nodes) distributed across the world. Each node can initiate transactions or validate new transactions, which is why blockchain networks are seen as "peer-to-peer" systems.
Each new transaction gets added to a block, which is then added to the blockchain. Once other nodes agree to the transaction's validity, the new block is added to other blocks, creating a chain—hence the name.
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