✅Miners validate A as the owner and attempts are made to mine new block instantly with other transactions
✅After mining new block it is broadcasted to every miner to add it on their copy of blockchain
✅The transaction is done now
#Bitbharat#Bharatverse
✅This function makes it secure
✅When a transaction is done from A to B, A provides the address of B & amount of crypto to the miners
✅It also contains the digital signature & public key of A
✅Each node maintains the copy of blockchain data
✅There is absence of single authority
✅Mining is at pivot of almost every blockchain relying on hashing algorithms
✅Hash functions are unavoidable & a one way function in cryptocurrency
#Cryptocoach Day 133
📄Blockchain working?!
✅Blockchain consists of chain of blocks storing confirmed transactions one after another
✅It has decentralised database/ledger as it is maintained by a number of nodes around the world