What are the main components of a blockchain technology? 🔊
The main components of blockchain technology include blocks, chains, nodes, and consensus mechanisms. Each block contains a set of transactions and a cryptographic hash of the previous block, forming a secure chain. Nodes are decentralized computers that maintain and validate the blockchain, ensuring transparency and security. Consensus mechanisms, like Proof of Work or Proof of Stake, determine how transactions are validated and added to the chain, maintaining the integrity of the entire system.
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