Blockchain is a kind of large “accounting book” that records various types of transactions and has its records spread by computers around the world. In the case of encrypted coins, this book records the sending and receiving of values. This system is formed by a chain of blocks. A set of transactions is placed inside each of these blocks, which are locked by a strong layer of encryption. On the other hand, the blockchain is public, that is, anyone can check and audit the movements registered in it.
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