What is a blockchain and how does it relate to cryptocurrencies?

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1 Answer 738
Oliver Irwin

Answered 8 months ago

A blockchain is a decentralized and distributed digital ledger that records transactions across multiple computers or nodes. It serves as the underlying technology for cryptocurrencies, enabling transparent and secure transaction verification and record-keeping. Each transaction is added to a block, which is linked to previous blocks, forming a chain of blocks (hence the term "blockchain"). Cryptocurrencies utilize blockchain technology to achieve consensus, immutability, and transparency.

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