When you use a traditional ledger, you record the transaction and transfer its assets manually, for example, if you're keeping track of the transaction in an Excel document or using an APEX application running on an Oracle database. Typically, a blockchain is managed by a peer-to-peer network, and transactions are sent to each party using this network. A peer-to-peer (P2P) network is the architecture used for distributed computing/applications and, in the case of blockchains, it is a network in which nodes ("peers") are interconnected and share data or tasks ("resources") among themselves. Within the network, each peer makes a portion of their resources, for example, network bandwidth, processing power, and ...
Managed by a peer-to-peer network
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