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The lifecycle of a blockchain transaction begins with a transaction request initiated by a user. This request is broadcast to a network of nodes. Each node validates the transaction's authenticity and ensures it adheres to network rules. Once validated, the transaction is grouped with others into a block by miners. Miners compete to solve a complex cryptographic puzzle to add the block to the blockchain, a process known as mining. After the block is added, the transaction is confirmed and becomes immutable, completing the lifecycle.
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