ANSWERS: 1
  • A blockchain is a decentralized data ledger. Each block is a record of an event. The blockchain is a collection of those records. When an event occurs, a new block is added to the local copy of the blockchain and the updated blockchain is then copied to other computers over the network and continuously verified against other copies of the blockchain. It is best known for its initial development with bitcoin, but since has been used with other cryptocurrencies, digital contracts, and scams.
    • mushroom
      Scam is right. Whoever controls a majority of blocks can alter the chain. Are you going to trust your real estate deed or car title or drug deal to that?
    • AngeloMathews
      Oh I see. Thank you for your answer.

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