💥✨️ Block chain ✨️💥
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💥✨️Blockchain, definition and clarification✨️💥
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💠As halving approaches, we find some terms repeated frequently, such as the term block, or the term block chain, so what do they mean??
💠Blockchain is a distributed database characterized by its ability to manage an ever-increasing list of records called blocks. Each block contains a timestamp and a link to the previous block. The block chain is designed so that it can preserve the data stored in it and prevent it from being modified, meaning that when you store information in the block chain, it cannot be modified later.
💠From the above, it can be said that the use of block chain technology makes it possible to create an immutable ledger of accounts whose purpose is to track orders, payments, accounts, and other transactions. The system has built-in mechanisms that prevent unauthorized transaction entries and create consistency in the common view of these transactions.
