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What is Understanding Blockchain Technology Basics about?

Blockchain is a decentralized database that records transactions in groups called blocks that are linked together using cryptography. It allows for transparent sharing of information among participants in a network. Key features include decentralization, immutability, and consensus. The components that make up a blockchain include a distributed ledger, blocks, a peer-to-peer network, nodes, cryptographic keys, hashes, and smart contracts. There are public, private, hybrid, and consortium types of blockchain

Author

Robsen Merga

Language

EN