Step 1) Some person requests a transaction. The transaction could be involved cryptocurrency, contracts, records or other information.
Step 2) The requested transaction is broadcasted to a P2P network with the help of nodes.
Step 3) The network of nodes validates the transaction and the user’s status with the help of known algorithms.
Step 4) Once the transaction is complete, the new block is then added to the existing blockchain. In such a way that is permanent and unalterable.