What is a Blockchain
Blockchain is a program of recorded activities that are stored on every few computers connected together in a peer-to-peer network. A peer-to-peer network is made up of individual computers that communicate with each other rather than having a single business.
A network controlled by a single business will be similar to the process of shopping at a grocery store. After putting all their belongings in their shopping cart, the customer would go to the cash register and have his items scanned into a computer. All purchases are recorded in the receipt; This receipt includes information such as the time and date of purchase, what the price of each item is, and any other information the store may wish to include. This information is stored on the website, but is confidential to the company.
The vendor keeps his or her information stored on his or her private servers, managed locally. This means that the public cannot check any transactions, which means that fraud is possible.
Blockchain projects
Blockchain projects, such as Bitcoin, address these issues by managing transactions in a separate and public way. Computers around the world process transactions in a variety of projects, divided into countries. These activities are approved by their network and should generally be approved by the majority of 51% devices in the network. This prevents one business from changing or deleting network operations.
Public Works allows anyone to observe and evaluate activities and determine whether they are legal or not. They are a true source of this distribution network.
Ethereum is another example of a blockchain. This blockchain contains GALA token processing, which includes any NFT items in the Gala Games ecosystem. There are Ethereum Nodes worldwide that work on computers and protect the Ethereum blockchain. Owners who use these nodes are charged a "gas fee", which determines how complex the contract system is. Gas fare is set by the Ethereum network and is separate from the Gala Games.
