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Understanding Blockchain Basics
Oct 10, 2025Blockchain

Understanding Blockchain Basics

By Nova Team

Blockchain is a distributed ledger technology that records transactions across many computers so that the record cannot be altered retroactively.

### 🔗 Why Blockchain Matters

It provides a secure, transparent, and decentralized way of storing data and value. Unlike traditional databases, blockchain is not controlled by a single entity — meaning users have true ownership.

### ⚙️ Core Concepts

1. **Blocks:** Units that contain transaction data.

2. **Hashing:** Cryptographic method to secure data.

3. **Consensus:** Ensures all participants agree on a single version of truth.

In the Web3 world, blockchain acts as the backbone of digital trust, enabling decentralized finance, NFTs, and beyond.

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