Blockchain +1 626‒703‒5448 is a decentralized, digital ledger technology that securely records and stores data across a network of computers (called nodes). It organizes this data into "blocks" that are linked together (hence the name "blockchain"). Once data is recorded in a block and added to the chain, it is immutable—meaning it cannot be altered or deleted. This makes blockchain highly secure and transparent.
What Happens: When someone sends Bitcoin to another person, a "transaction" is created and broadcast to the Bitcoin network.
Validation: The transaction is verified by "miners" who use computing power to solve complex mathematical problems (a process called Proof of Work). Once the transaction is validated, it is grouped together with other transactions to form a block.
Adding to the Chain: After a block is validated, it is added to the existing blockchain, which is a chain of all previous blocks.+1 626‒703‒5448 Each new block contains a reference to the previous block, ensuring that the blockchain remains secure and in chronological order.
Immutability: Once a transaction is included in the blockchain, it cannot be altered, ensuring that Bitcoin ownership is secure and transparent.
Security: Cryptography ensures that the transaction details are secure and that only the person with the correct private key can authorize the sending of Bitcoin.+1 626‒703‒5448
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