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What is a Blockchain? (Animated + Examples)A blockchain is a decentralized, distributed, and often public, digital ledger consisting of records called blocks that are used to record transactions across. a system in which a record of transactions, especially those made in a cryptocurrency, is maintained across computers that are linked in a peer-to-peer network. Blockchains use cryptography and a consensus algorithm among their decentralized or distributed computer "nodes" to verify recorded transactions or other data.