Demystifying #Blockchain: A Beginner’s Guide
Blockchain technology is revolutionizing industries around the world, but for many, it can still seem like a complex and mysterious concept. This diagram breaks down the process of building a blockchain into simple steps, making it easier for beginners to understand.
The diagram highlights the following key stages:
▶️ Request: A user initiates a transaction, such as sending money to another person.
▶️ Block: The transaction is bundled with other recent transactions into a block.
▶️ Broadcast: The block is sent to all nodes in the network for verification.
▶️ Validation: Nodes validate the block by solving a complex mathematical puzzle.
▶️ Addition: The validated block is added to the existing blockchain, creating a permanent and tamper-proof record of the transaction.
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