A block is a space that can store a certain amount of information. Blocks connect each other and form a chain that contains linked data. Each block has a cryptographic Hash of the previous block. Hashes are made based on the information of a block. Hashes are a set of numbers and letters that contain the entire information of a block. After a block is made, a Hash is assigned to it. The production of these Hashes continues, and the previous block’s Hash is placed in the next block. Blockchain stores all the data of transactions that have taken place. Changing the contents of a block (i.e., manipulating or attempting fraud) is impossible because as soon as new data enters a block, it is stored and added to the blockchain.
November 6, 2023
3 weeks ago