Blockchain

The blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... More is a digital ledgerIn cryptocurrency, a ledger is a digital record of all transactions that have occurred within a particular blockchain network. It includes information such as the... More that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly being updated by a network of users. Each blockA block is a collection of transactions that have been verified and added to the blockchain. Each block typically contains a cryptographic hash of the... More in the chain contains a unique code that links it to the previous block, creating a permanent and unalterable record of every transaction that has ever occurred on the blockchain. This technology is the backbone of cryptocurrencies like BitcoinBitcoin is like a digital treasure that you can use to buy things online. It's like having a secret code that only you know, and... More and allows for secure, transparent, and efficient peer-to-peerPeer-to-peer (P2P) is a type of network where computers or nodes can directly communicate with each other, without the need for a central server or... More transactions without the need for intermediaries like banks or governments.