blockchain
Blockchain is a distributed that supports cryptocurrency and range of other digital currencies. blockchain plays an important role in the world of crypto. this is a basic technology that allows function as decentralized and to secure assets. the blockchain is connected with crypto through:
Decentarlization:
Decentralization is a fundamental concept in crypto and the blockchain technology that distribute the control of design making acrose the network of participants. that one is the key feature in other cryptocurrencies. The main thing is that there is no one central entity that controls the network.
Transaction Record:
Blockchain in crypto provides us the transaction history and records. these transaction shows that the movement of a user to another user transactions are grouped in a block together. these blocks are open publicly that shows that everyone who wants blockchain data to access transaction history there is no required ant type of permission.
Security:
the blockchain provides us the security of transaction because in the network the private key is used to sign the transaction that ensures that only the owner can access the transaction. that key show that only the key holder can done transaction from the wallet.
Mining:
Miners use the figuring power to solve the mathematical puzzle and in that process they make there network secure and verify transaction. many cryptocurrency such as Bitcoin utilize the consensus mechanism known as POW to validate and add the transaction in blockchain.
Wallet:
in the crypto there are two types of wallet software and Hardware tools that link with the Blockchain to store the transaction history send and receive the transaction. Each wallet contains its private key that is specific to authorise the transaction.
Altcoin:
Like BTC there are lot of other Alitcoins (Alternative Cryptocurrencies) be revealed with own blockchain or based on the blockchain. altcoin come in various form and surv us various purposes They introduce the innovation and new features in the cryptocurrency like privacy solution and contribution.
This is not an attack on your personality, to be candid your Post header and the contents do not corelate; nothing in the body of your message explains or discusses the role of blockchain in crypto; instead you have only defined some popular known subjects thats not new.
Instead, i implore you to study the following snippet as a newbie -
Beginners & EncyclopaediaYou will find enough teachings about the Blockchain there.
