________ is checked for your previous transactions to determine your wallet balance. Ledger Nodes None of the options.
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Checked your previous transactions:
- The accurate answer is blockchain.
- Blockchain is checked for previous transactions in order to determine your wallet balance.
- Blockchain is a list of records called blocks that is related using cryptography.
- It checks all the preceding transactions correlated to the wallet, i.e. used to send bit coins with the help of input partialities.
- The network nodes also keep a separate record of the unsent transactions to quicken the process of verification.
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Ledger is checked for your previous transactions to determine your wallet balance.
Explanation:
- The ledger tracks the transactions of the bitcoin. Every transaction needs to be checked that took place in the wallet network. The nodes of the network perform this task of verification and check previous transactions to avoid double use of bitcoins.
- This checking is done with the use of links of previously done transactions in the network. Blockchains keep a record not of the balances but of the verified transactions.
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