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Blockchain Mechanics

Definition

Blockchain mechanics describes the fundamental operations and processes of a blockchain system. This term encompasses the underlying algorithms, protocols, and cryptographic techniques that govern how transactions are verified, grouped into blocks, and appended to the distributed ledger. It includes consensus mechanisms, hashing functions, and the peer-to-peer network architecture that ensures data immutability and security. Understanding these workings is essential for grasping a blockchain’s capabilities and limitations.