Hii guys !
this post about how to work crypto?
Cryptocurrencies work through a combination of technologies:
1. *Blockchain*: A decentralized, digital ledger that records transactions.
2. *Cryptography*: Secures transactions and controls the creation of new units.
3. *Mining*: Validates transactions and adds them to the blockchain.
4. *Network*: A peer-to-peer network of computers that verifies and updates the blockchain.
Here's a simplified process:
1. *Transaction*: Someone sends cryptocurrency to another person's digital wallet.
2. *Verification*: The transaction is verified by nodes on the network.
3. *Mining*: Miners solve complex mathematical problems to validate the transaction and add it to the blockchain.
4. *Blockchain update*: The blockchain is updated on each node, confirming the transaction.
This decentralized system allows for secure, transparent, and fast transactions without the need for intermediaries like banks.
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