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Q. Explain the common structure of blockchains?

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Blockchains are composed of three core parts:

  • Block: A list of transactions recorded into a ledger over a given period. The size, period, and triggering event for blocks is different for every blockchain.
  • Chain: A hash that links one block to another, mathematically “chaining” them together.
  • Network: The network is composed of “full nodes.” Think of them as the computer running an algorithm that is securing the network. Each node contains a complete record of all the transactions that were ever recorded in that blockchain.
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Blockchains are composed of three core parts:

Block: A list of transactions recorded into a ledger over a given period. The size, period, and triggering event for blocks is different for every blockchain.

Chain: A hash that links one block to another, mathematically “chaining” them together.

Network: The network is composed of “full nodes.” Think of them as the computer running an algorithm that is securing the network. Each node contains a complete record of all the transactions that were ever recorded in that blockchain.

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