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blockchains for dummies pepe unchain Bnb Eth XRP aave Bitcoin Bonk

What is a blockchain for Dummies?

No blockchain for dummies is complete without this explanation. Blockchain and cryptocurrencies are inextricably connected: blockchain is the technology that provides the infrastructure for all of them. Here is how it works: The blockchain serves as a framework for cryptos, recording, verifying, and storing all of their transactions.

What are the different types of blockchains?

Public Blockchains. In this example, an open source software is used by everyone participating in the network. Anyone can join and the network has a global foundation. For example, a lot of cryptocurrencies are built on existing blockchains, ERC20 tokens being the most well-known example built on Ethereum. Private Blockchains.

How many blockchains are there?

There are probably over 10,000 blockchains in existence today. Most blockchains are either public or private. Public Blockchains. In this example, an open source software is used by everyone participating in the network. Anyone can join and the network has a global foundation.

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