December 19, 2023
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1 minutes of reading
Blockchain network
A decentralized system that uses blockchain technology to record and store transactions or other data. A blockchain system consists of participants, called nodes, who collaborate to maintain and update the distributed ledger. Each transaction or record on the blockchain is cryptographically linked to previous records, forming a chain of blocks. These blocks are stored on multiple nodes, making the information reliable and resistant to manipulation. Due to their decentralized and secure nature, blockchain networks have applications in a variety of fields including finance, healthcare, logistics, supply chain, and many more.