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How Bitcoin Works: Key Concepts
1. Blockchain Technology
A blockchain is a sequence of blocks, each containing a list of transactions. Once a block is added to the blockchain, it is immutable—meaning it cannot be altered without changing all subsequent blocks, which would require immense computational power. This immutability provides security and transparency.
2. Decentralization
Unlike traditional financial systems, Bitcoin is not controlled by… read more
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Jordan Smith
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