🧐 What is blockchain?
It's a term you see daily in the news, on social media, and across various platforms, but how many truly understand what it means? If you're unsure, this is for you.
Blockchain is a decentralized database that is nearly impossible to tamper with.
The word "decentralized" means that no single computer or server holds all the data. Instead, the blockchain is distributed across many interconnected nodes (computers). Even if several nodes stop working, it won't harm the blockchain. The network will just continue to operate, with the mining process becoming a bit more complex.
But why is the data so hard to fake? It's because of hashing. When data enters the blockchain, it isn’t stored as plain text but converted through a hash function.
"Crypto" - “b860eac38260db2b7a92a2c786e5d89bdd40359de085c7fca2ef749881d48ef9".
This ensures that even small changes in data produce vastly different outputs, making it highly secure.
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