Blockchain and Its Relevance for the Metaverse
Blockchain is a concept to define a distributed database in which data is stored in blocks, instead of structured tables of conventional databases. The new data stored in the database is filled into new blocks, which are linked to previous blocks, forming a block chain. In a blockchain database, data is thus stored in chronological order, and data in existing blocks cannot be changed. The process of storing the data in blocks is supported by a validation method based on a cryptographic function called “hash.” Although it is too technical to speak about hashes here, it is important to understand that a hash is a digital code that results from applying an algorithm on a piece of data—in the ...
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