The blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. ledger represents the beating heart of these groundbreaking networks. It constitutes an ever-expanding database registering all transactions transparently across the system.

Unlike conventional centralized ledgers, this ledger is collaboratively maintained by all network participants called “nodes.”

Each node retains a complete replica of the ledger, enabling radical decentralizationWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the..., transparency, and resilience against manipulation!

By disseminating record-keeping among many parties, blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. ledgers facilitates trust, accountability, and security without centralized oversight.