#CreatorPad How does blockchain work?

When any transaction (such as a digital currency transfer) takes place, the following steps occur:

* Transaction request: Someone initiates a new transaction (e.g., "Ahmed sent 5 coins to Zaid").

* Verification: The transaction is sent to the network of participants (the contract), where it is verified and digitally signed.

* New block creation: The verified transactions are combined into a new block.

* Addition to the chain: This new block is added to the end of the existing chain, and all participants are notified of the update.

Although digital currencies like Bitcoin are the most well-known applications of blockchain, the technology is used in many other areas, such as:

* Supply chains to track products.

* Smart contracts that execute automatically when certain conditions are met.

* Healthcare to securely store medical records.

* Electronic voting systems to ensure transparency.