Chain
A chain (or blockchain) is a distributed digital ledger that records transactions across many computers in a way that makes records extremely difficult to alter. Each block contains transaction data and links cryptographically to the previous block, forming a chain.
Understanding the Concept
• Transactions are grouped into blocks and validated by network participants • Once confirmed, data is effectively immutable • Different chains have different properties (speed, cost, security) • Popular chains include Bitcoin, Ethereum, Solana, and Polygon
Real-World Example
When you send Bitcoin, your transaction gets broadcast to the network. Miners collect it with other transactions into a block, solve a cryptographic puzzle, and add that block to the chain. After a few more blocks are added on top, your transaction is considered final and can't be reversed.
How Strykr Helps
Strykr tracks Chain developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
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