Basics

The most important terms around blockchain and crypto, explained simply.

The path of a transaction

The user uses a wallet or an exchange. Both send transactions to full nodes. Every full node stores a copy of the blockchain. Miners or validators pick up transactions and create new blocks.Full Nodescheck transactions & store the blockchainBlockchaincopy on every full nodeUseryouWalletsmanage your keys€Exchangesbuy & sell,hold keys for youMiners /Validatorscreate new blocksDeposit & withdrawalTransactionTransactionPick up transactionsnew blockProof of Work: miners · Proof of Stake (e.g. BNB Smart Chain): validators
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