$BTC $ETH $BNB
Have you ever wondered * how cryptocurrency transactions are verified when there is no company or bank in the middle? 🤔 The process may seem complicated, but it * happens within minutes *
1️⃣ Once a transaction is sent, it is broadcast to a decentralized network of computers (called nodes).
2️⃣ These nodes verify that you actually own the coins and that the transaction details are correct. Valid transactions are grouped together in a block, awaiting approval.
3️⃣ The network then reaches an agreement - known as consensus - to confirm that the new block is valid and can be added to the blockchain. But why is this verification process important? And what is the real difference between trusting a central authority and a decentralized network of computers
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