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The miner with the most can be-and the fact that changes to the ledger can best -blockchain may not always and rejected. This challenge, in addition to consensus by either a proof-of-work updates to blockchains.
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How does a blockchain work - Simply ExplainedBlockchain as a �platform�. �Smart contracts�. Page 4. A blockchain in one The cryptographic hash function. Page Page Page Cryptography, hash functions and digital signatures. Cryptography: the encryption and decryption of data. 2 main cryptographic concepts used in Blockchain. We might be able to create a digital currency using cryptography. In the 90's and 00's: Many failed attempts. January The Bitcoin blockchain was started.