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How does a blockchain work - Simply ExplainedBlockchain is fundamentally a distributed database and open source where anyone can change the underlying code and see the current status of an operation. A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Stuart Haber and W. Scott Stornetta introduced blockchain in but real utilization of this technology came in view during the year in the form of.