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A blockchain is a method of storing information in such a way that it is difficult or impossible to edit, hack, or trick the system. A blockchain is essentially a digital ledger of transactions that is copied and distributed across the blockchain's wide network of computer systems.
A blockchain is a distributed property that anybody can access. Once data is recorded on a blockchain, it cannot be modified. Hence, data is only recorded when the maximum number of participants agrees. The functioning of the blockchain is dependent on three components: data, hash, and previous block hash.
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