Understanding Blockchain Basics
Blockchain is the technology behind cryptocurrencies like Bitcoin. Key points to know:
- A blockchain is a decentralized, distributed ledger that records transactions transparently.
- Transactions are grouped into blocks and added to the chain in chronological order.
- Each block is secured using cryptographic hashes and consensus mechanisms.
- Blockchain enables trustless peer-to-peer transactions without a central authority.
- It’s used in crypto, smart contracts, DeFi, and other emerging technologies.
This guide is educational and not financial advice. Always verify information and follow safe practices.
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