What is the Bitcoin blockchain
For Bitcoin to be SafeBitcoin is a currency on the Internet.
Currency on the Internet cannot exist without a secure system to prevent copying, fraud, and theft.
A secure system is not built by a single company and security layered on top of it;
the Satoshi Nakamoto team has ensured safety by creating a mechanism called "blockchain" .
What is blockchain?So what exactly is blockchain?
The technology of blockchain is not limited to Bitcoin.
However, here I would like to talk about the Bitcoin blockchain.
Also, since blockchain has many elements, I would like to extract and explain the parts related to mining.
As the name suggests, blockchain is made up of blocks and chains (even though virtual).
Each block contains transaction information among Bitcoin owners, and when the block fills up, it moves to the next block connected in the chain.
When a block is full, the next block follows, all connected in the chain, and the transaction information goes inside the block.
Who checks whether that transaction information is correct? Miners who are performing mining.
I would like to explain the mechanism for ensuring safety in the next installment.
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