A transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... on a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... is a digital record of all transactions that occurred within a given timeframe. This digital record is stored as a blockchain file and broadcastA broadcast is a computer network technique for transmitting information that involves sending the same data to all network nodes. to the network of computers supporting those transaction types. The computers independently verify the validity of each transaction in the transaction block, confirming no fraudulent activity. The new transaction block is added to the end of the chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and..., validating and recording all previous blocks. This process creates an immutable ledgerAn immutable ledger is a digital record of transactions that cannot be changed or altered retroactively. An immutable ledger is... of all activity surrounding the transactions.
