What is a Blockchain?
Mukungu
A blockchain is a public database that is shared and updated across multiple computers in a network. Each piece of data is stored in blocks, which are linked together in a sequence to form a chain.
Block: This refers to the data and state stored in groups called "blocks." When you send Ether (ETH) to someone, the transaction data is added to a block to complete the transfer.
Chain: Each block is cryptographically linked to the previous one, creating a chain of blocks where data cannot be changed without altering all the following blocks. Changing the data would require agreement from the entire network.
For a deeper dive into the concept of blockchain, check out these resources:
What is a Blockchain Platform?
A blockchain platform is the infrastructure that allows developers to build and deploy decentralized applications using blockchain technology. These platforms provide tools and protocols to create secure, transparent, and decentralized systems.
What is Blockchain Technology?
Blockchain technology is the backbone of cryptocurrencies. It is a decentralized, distributed ledger that records all transactions made with cryptocurrencies like Bitcoin (BTC) and Ether (ETH).
Blockchain ensures the integrity of transactions and prevents tampering or altering of data. For more on how blockchain works, check:
What is Native Cryptocurrency?
A native cryptocurrency is an integral part of a specific blockchain. These cryptocurrencies are used to incentivize actions within the network, like validating transactions and creating decentralized applications.
Bitcoin (BTC) is the native cryptocurrency of the Bitcoin blockchain.
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain.
What is Ether (ETH)?
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain. Its primary purpose is to create a market for computation. Participants in the network, such as miners and validators, are incentivized with ETH to verify transactions, execute requests, and contribute computing resources to the Ethereum network.
Ether plays a crucial role in maintaining the Ethereum blockchain, facilitating transactions, and ensuring that the network operates smoothly.
To learn more about Ethereum and Ether, visit:
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