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What is a blockchain

This is to help new users to understand about blockchain

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A blockchain is a gigantic spreadsheet operating simultaneously on computers all over the world. Allowing transactions between accounts (cells) by recording them into blocks, compressing and encrypting the data. The tail (hash) of one block becomes the beginning of the next... and thus a chain is formed. Only those with the private key to the account can withdraw, but any other account can deposit.


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