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The Bitcoin blockchain file is a decentralized digital ledger that records all transactions in the Bitcoin network. It serves as a public database, ensuring transparency and security for users.
Each block in the blockchain file contains a list of transactions, and these blocks are linked together using cryptographic hashes. This structure makes the file immutable and resistant to tampering.
By using the Bitcoin blockchain file, users can verify transactions without relying on a central authority. It is a key component of the cryptocurrency ecosystem, enabling peer-to-peer transfers and smart contracts. |
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