HOW BLOCKCHAIN WORKS STEP BY STEP

Blockchain is a distributed ledger technology that allows multiple parties to maintain a shared record of transactions without the need for a central authority. It operates through a step-by-step process that ensures transparency, security, and immutability. Here are steps of how blockchain works: Transaction Initiation, Verification, Block Formation, Block Propagation and Consensus, Block Addition, Data Immutability, & Continuation and Consensus Maintenance.

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