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Crypto NFT 101
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What is a Blockchain?

Blockchain refers to the collective record (called a ledger) that stores cryptocurrency transactions, like a communal Excel spreadsheet. The same infrastructure documents both things, showing the close link between non-fungible tokens as a concept and cryptocurrency.

-Popular Mechanics

How does blockchain work?

Alice wants to send money to Bob

Transaction is represented online as a block

The block is broadcasted to all the network

The network approves the transaction

The block is added to the existing blockchain

The transaction is complete

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