🔹 Proof of Work Compatibility:
Proof of Work is the algorithm that networks like Bitcoin use to validate transactions. Miners compete to solve complex mathematical equations to write transactions onto the blockchain. However, this process is energy-intensive and requires powerful hardware.

🔹 Public/Private Key Cryptography:
This system is the backbone of blockchain security. Each user has a public key to sign transactions and a private key to maintain confidentiality and verification.

🔹 Smart Contract:
Have you ever imagined a contract that executes automatically? This is a smart contract, a program that automatically executes certain conditions when specific requirements are met, making it ideal for digital contracts.

🔹 Block:
Imagine a ledger that contains all transactions. A block is the single page in this ledger, where verified transactions are placed on the blockchain.

🔹 Fork:
When changes occur in the blockchain protocol, the network can split into two different chains, which is called a fork. It can be a “hard fork” or a “soft fork” depending on the changes.

🔹 Hashing:
Hashing is the process of converting data into a unique string of numbers and letters. This technology is used in blockchain to secure information and ensure data integrity.

💥 For those who want a deep understanding of blockchain, these concepts are the foundation.

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