Basic flow of a transaction

Before going into the details of data flow on the blockchain, let's have a look at the blockchain's basic flow:

The basic flow allows for the secure management of a shared ledger (database of facts), where transactions are verified and stored on a network without a governing central authority. As I mentioned in the previous chapter, networks come in different forms and shapes, ranging from public open source to private, or permissioned blockchains, which require explicit permissions to read or write certain data or execute transactions. The blockchain is powered by advanced mathematics and computer science in the ...

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