When a new transaction or data entry needs to be logged

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It is broadcast to all nodes in the network. These transactions are then combined into blocks by a specific node through a process called mining or forging, depending on the consensus technique used. Each block includes a unique code called a hash, as well as the hash of the previous item in the chain. Linking hashes from one block to another creates a chain of blocks, hence the name "blockchain." The new block is then sent to all other nodes, which verify the block and hash transactions.

If the majority of nodes agree that the block is authentic, it is added to the ledger of all nodes. This decentralized verification mechanism ensures that no single party has complete control over the blockchain, making it highly canada whatsapp number list secure and resistant to fraud. Key Features of Blockchain Technology Decentralization Blockchain technology is decentralized, using a distributed ledger system rather than a centralized database.



This means that each member of the network is responsible for maintaining the ledger, and no single entity has complete control over it. This decentralization reduces the possibility of centralized corruption or failure while promoting democratic data management. Transparency Blockchain transactions are secure and accessible to all parties, allowing for real-time auditing.