#BTC
1.Transaction Initiation: A new transaction occurs (e.g., a cryptocurrency transfer, a record of a supply chain item, etc.).
2. Block Creation: Multiple validated transactions are grouped together into a "block."
3.Cryptographic Hashing: Each block is given a unique cryptographic "hash" (a digital fingerprint). This hash is also linked to the hash of the previous block, forming the "chain."
4.Network Broadcast: The new block is broadcast to all participants (nodes) in the network.
5.Validation (Consensus): Nodes on the network verify the authenticity of the transactions within the block using a consensus mechanism (e.g., Proof of Work, Proof of Stake).
6.Addition to Chain: Once validated, the new block is added to the existing blockchain across all distributed ledgers in the network.
