Everyone knows about the most famous coin in the world. Yes, you are right, that is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin. If you think this Coin is like a vehicle, it needs a road to run. So every kind of vehicle needs its own path to run. Boats need Reservoirs like the sea, river. an airplane needs the sky to fly. It's so simple to understand what the blockchain network is. There are many networks right now like roads & many coins. Tokens are like vehicles. you need to select the right vehicle and road to drive it. if you choose a car you can only drive it on roads, if you put it in the water, it will definitely sink. That’s how Blockchain networks work. There are so many popular networks working these days. so many will come. bep20, erc20, polygon, Solana, Tron network are some of them.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
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