Blockchain relies on a peer-to-peer network of computers to validate and secure data. The lifecycle of a transaction typically follows four main steps:
What makes it special is that once a page is written and added to the notebook, . This creates a permanent and secure history. ⚙️ How Does It Work?
Think of it like a digital notebook or Google Doc that is shared with many people across a computer network. Each "page" in the notebook is called a "block," and it contains a list of recent transactions.
Once validated, the transaction is grouped with others into a block. Each block receives a unique digital fingerprint called a "hash".