#FOMCMeeting Mining is the only way to create new transaction blocks and add them to the blockchain.

The blockchain itself (from English: block chain) is similar to a large database that stores all information about currency transactions. Data records (blocks) are distributed through a network of independent servers. Each server is a computer known as a node, managed by a user of this network. Several blocks create a sequence of blocks – a chain.

The data encrypted in each block cannot be altered without changes to the previous blocks. The blockchain is a relatively secure database since fraudsters cannot infiltrate the data without a trace. Anyone can view the entered data unless it is a private blockchain, but without the ability to change or delete it.