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A blockchain is actually a ledger or database which is shared by among the various nodes on the computer network. As a database, a blockchain records relevant data in a digital format. Blockchains are actually best known for their essential function in cryptocurrency ecosystems like Bitcoin, for maintaining a decentralized record of transactions, as well as a safe and secure network. The advantage of a blockchain is that it ensures the security and reliability of security of records and also provides security without the need for third party.
One of the main differences between a normal database as well as a blockchain is actually how the data is organized. A blockchain is a collection of information, also known as blocks. They store data sets. Each block has its own capacity to store information and when it is filled, it is closed as well as connected to the previously filled block making a chain of data known as the blockchain. All brand new information that follows that recently added block is actually arranged in a new block that will then be added to the blockchain as a new link.
A database usually creates the data it stores into tables whereas a blockchain, as its name suggests, assembles its data into large pieces of info (blocks) that are actually linked together. This data is structured to create an unchangeable timeline data That is not centralized in nature.
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Several cryptocurrency companies, such as Binance, Tether, Bitfinex, OKX, and Kucoin, have promised to give more than $9 million to help the people who were hurt by the huge earthquakes in Turkey and Syria.
More than 7,000 people have died, and more than 20,000 have been hurt. This number keeps going up. The coordinated effort shows that the crypto community is ready to help humanitarian efforts once more.
Avalanche Foundation gave $1 million worth of AVAX tokens to the effort to raise money.