A blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More network is a decentralized systemA decentralized system is a network of independent computers that communicate with each other to share resources and process information.... Read More that allows for peer-to-peer transactions. The main components of a blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... network are nodes and miners. Nodes are computers that store the entire copy of the ledger and propagate new blocksGroups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell... Read More to other nodes. Miners validate transactions, add them to new blocks, and then broadcastA broadcast is a computer network technique for transmitting information that involves sending the same data to all network nodes. Read More these blocks to other nodes.
