How Blockchain Works: A Simple Explanation

Blockchain is a decentralized transaction database that works on the following principle:

1. Transactions are grouped into “blocks” and distributed among network nodes.
Miners use computing power to solve complex mathematical problems and validate blocks.

2. The new block “clings” to the previous one, forming a chain of blocks - blockchain.
Each node stores a complete copy of the blockchain, ensuring transparency and security. To change data in the blockchain, you need to change the entire subsequent chain, which is almost impossible.

3. Consensus algorithm (Proof-of-Work or Proof-of-Stake) prevents fraud and ensures data consistency.

Thus, the blockchain is a distributed, immutable and secure register of transactions without a single control center.

Before this, did you fully understand what blockchain is?

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Fresh 2024 Cryptocurrency Worth Considering

Here is the basic information about it:

Sui is a new blockchain platform developed by former Coinbase and Dfinity engineers, focused on speed, security and scalability.

1. It uses a unique consensus approach based on an object-oriented data model, which allows it to process millions of transactions per second.

2. Sui has attracted significant investment from leading venture capital funds due to its innovative technology and experienced development team.

3. After launching in 2024, SUI quickly entered the top 20 cryptocurrencies by market capitalization, showing impressive growth.

4. The SUI token is used to pay fees, staking and network management. Holders of $SUI also receive rewards for participating in the consensus.

5. Sui is positioned as a platform of the future, capable of competing with Ethereum and other blockchains due to its high performance and innovative approach.

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#Sui #НоваяКриптовалюта #Блокчейн #Масштабируемость #Стекинг

The Latest Cryptocurrency of 2024: What You Need to Know

In 2024, a new promising cryptocurrency appeared on the market - Aptos ($APT ).

Here are the basic facts about her:

1. Aptos is a blockchain platform developed by former Facebook engineers, focused on scalability and security.

2. It uses the innovative Move protocol, which allows it to process thousands of transactions per second with low fees.

3. Aptos has attracted the attention of investors due to its strong team, advanced technology and partnerships with major industry players.

4. After a successful launch in 2024, APT quickly became one of the top cryptocurrencies by market capitalization.
The APT token can be used for staking, network management, and payment of transaction fees.

5. Aptos is positioned as an “Ethereum killer” due to its scalability and low fees.

Stay tuned for the development of this promising project in 2024!

#НоваяКриптовалюта #Блокчейн #Масштабируемость #Стекинг

Artificial Intelligence Cryptocurrencies Becoming More Popular in 2024

One of the most interesting coins in this segment is SingularityNET ($AGIX )

SingularityNET is a decentralized AI service exchange platform built on blockchain. It allows AI developers to offer their algorithms and models to other users for AGIX tokens.

Advantages of AGIX:

1. Using AI to analyze the cryptocurrency market and predict prices.

2. The ability to create smart contracts and decentralized applications based on AI.

3. Potential for growth as AI becomes more in demand.

Other interesting cryptocurrencies with AI:

Fetch.ai ($FET ) - a platform for creating decentralized intelligent agents

Ocean Protocol ($OCEAN ) - AI-powered data sharing ecosystem

Question of the day:
What AI-related cryptocurrencies are you interested in?

Share your opinions in the comments!

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