What is a Blockchain | Defi Dictionary | Web3 Daily - 0 views
-
Janos Haits on 19 Mar 24"Think of a blockchain as a transaction list that is uploaded to thousands of computers around the world. If someone sends money to you, that transaction gets added to a queue. Queued transactions are sorted into groups (aka 'blocks') and then processed by one of the thousands of computers operating in the cryptocurrency's network. Once the transaction is complete, it appears on the public transaction list, or 'chain'."