What is a Blockchain Consortium Network in Blockchain?

Blockchain is a decentralized digital ledger technology that records transactions across multiple computers in a way that makes them tamper-proof and immutable. Each block contains a list of transactions, and these blocks are linked together in a chronological chain using cryptographic hashes. This technology enables trustless and transparent transactions without the need for intermediaries.

A block explorer is an online tool that allows users to view and search blockchain transactions, blocks, addresses, and other data.

A block reward is the incentive given to miners for successfully validating and adding a new block to a blockchain.

A burn address is a cryptocurrency address where tokens are sent to be permanently removed from circulation.

A blockchain fork occurs when a blockchain splits into two separate chains. Forks can be classified as hard forks.