HOW DOES BLOCK CHAIN WORK IN CRYPTO

Blockchain is a distributed ledger technology that enables secure, transparent, and immutable transactions without the need for a central authority or intermediary.

In a blockchain network, transactions are validated by a network of nodes and recorded in blocks.

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[{"selector":"#anim-051b0c91-d054-4550-a6d1-0eb1c2ec147f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Each block contains a cryptographic hash of the previous block, creating a chain of blocks, hence the name blockchain. Arrow

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Blockchain technology uses cryptography to ensure the authenticity and integrity of transactions and prevent double-spending.

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[{"selector":"#anim-7bac3616-6db7-4259-802a-9ead80883098 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The nodes in a blockchain network work together to validate and confirm transactions, ensuring consensus and preventing malicious activity. Arrow

[{"selector":"#anim-e5759c0a-751c-48af-9f24-7041dde995d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.285244247341844%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Blockchain technology has various applications beyond cryptocurrency, including supply chain management, digital identity verification, and voting systems. Arrow

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