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A new block is created by decoding with the Ethash algorithm, then the network confirms the transactions through PoW and the transaction data is recorded to the Ethereum Blockchain. Once information is saved to the Blockchain, it cannot be changed.

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@DaviDZhiTo2 Fiat is government-issued currency, not backed by a physical commodity but by the government's declaration. It's used for transactions.

Fiat Fiat is a common national currency like USD, GBP and EUR. Fiat is declared issued by the government and recognized as legal tender, but is not supported in converting into physical assets such as gold.

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After making the transaction, Miner Nodes will verify the validity of this transaction. In Ethereum, the Proof of Work (PoW) mechanism is used for Miner Nodes to prove that they have completed work and announce this result to the entire network. Other Miner Nodes will then perform validation and check the validity of this proof.

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Bitcoin means different things to different people. For some, it's a future of currency moving freely to any central bank. To others, it is a purely digital entity of questionable value and questionable origin. Many people also refer to Bitcoin as "digital gold". Someone asked, "Is Bitcoin real currency?" Please answer that Bitcoin is not Virtual Currency, but in Vietnam and some countries around the world, it has not been recognized as an official currency, mentioning the word "virtual" will often mean something that does not exist. In fact, for example, the money you deposit into the game can only be used in the game and converted to cash in a community group, of course the value converted to cash will be much smaller.

@NattaliSisaa blockchain network must be validated and processed by the EVM to ensure consistency and security.

The EVM virtual machine performs operations such as executing transaction orders and executing smart contracts. Each transaction and activity in EVM requires a fee called Gas, paid in the digital currency Ether (ETH).

In it, EVM will execute smart contracts. When developers want to build decentralized applications (DApps) on Ethereum, they must program smart contracts in the Solidity language.

DApp DApp is the acronym for the phrase "decentralized application". Unlike regular applications that use centralized servers to run code, DApps run on a decentralized peer-to-peer network. Examples include CryptoKitties, a cat breeding game, and EtherDelta, a famous exchange that is also a type of DApp. To function, DApps also need to have a front-end. This distinguishes them from smart contracts that run only on the back-end.

I hope your work leads to boundless success. Thanks for swapping good content. It's been a pleasure!

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