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What is a Blockchain? (Animated + Examples)Blockchains are deconstructed into their building blocks. Each building block is then hierarchically classified into main and subcomponents. Then, varieties of. SBlockchain is used to store smart contracts, whereas all the data generated by the smart contracts stores inside the TBlockchain. In addition, each smart. A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies.