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Understanding the Architecture of blockchain software development

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  Blockchain software Development Company : Blockchain technology is a distributed, decentralized ledger that has the ability to verify transactions without the need for third-party verification. The blockchain is maintained by a network of computers that all have access to the same data. The term "blockchain" refers to the fact that each block in the chain contains data about previous blocks and hence acts as a partial record of all transactions that have taken place on the network thus far. This architecture is known as a distributed ledger. The architecture of blockchain software development is not a simple task. It involves the design, development and deployment of blockchain applications in various environments, including private, public and hybrid blockchain networks. The first step in this process is to get an overview of the architecture and how it works. Three main components: The client: This is where users interact with the blockchain network and send transac