BlockchainBy CoinGecko | Updated on Mar 03, 2020
A digital ledger where data is recorded in a chronological order. In Bitcoin's case, it is a decentralized, public ledger which contains transactional information. Users can verify that transactions have occured simply by looking at the data that is publicized on the Bitcoin network. In a blockchain, the next piece of information that will be added is always linked to a previous, already confirmed information of the blockchain through the use of a hash which describes the past content. With the hash, every block of information in a blockchain becomes referenced with one another, and cannot be easily swapped out, thereby qualifying as an immutable ledger.
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Contributors to a blockchain taking part in the process of mining.
The amount of the cryptocurrency that has been traded in the last 24 hours.
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
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