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• 04:58, 4 October 2024 Nexus wiki talk contribs created page Blockchain Basics (Created page with "== How does a Blockchain work? == People, known as miners, are given a monetary incentive to verify transactions. Miners use computers or specialized mining equipment to verify that the people spending cryptocurrency, indeed have the coins to spend. A record of transactions are then immutably chained together and recorded as a block, and appended to the chain. This record is stored on the computers of many different miners, creating a decentralized network. Many blockc...")