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Episode 23 - Blockchain Basics
Manage episode 349977027 series 3268729
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The blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
In this episode, Mr Machut will discuss the basics of blockchain.
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