BLOCKCHAIN SECRETS
the system to operate the transactions securely without having to obtain authorization from someone else in the digital ledger. These transactions are then verified, approved, and then recorded in an encrypted block. This block is saved intermittently and then connected to the previous block, which in turn creates a chain.
Components of a Blockchain Two main parts make up a blockchain. The first component is the decentralized network. The decentralized network is what facilitates and verifies the transactions that are made. Having blockchains on a decentralized network means that the software isn't limited to one computer system. Instead, it can be controlled on multiple computer systems, and more importantly, it isn't controlled by the government.
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