๐ SIMPLE CRYPTO LESSON #2: What Is Blockchain?
Think of a blockchain as a digital record book ๐ that stores transactions across a network of computers.
๐น Transactions are grouped into โblocksโ
๐น Blocks are linked together
๐น The network verifies the information
๐น Once recorded, changing past data is difficult
๐ก Simple example:
When you send Bitcoin, the transaction is recorded on the Bitcoin blockchain so the network can verify it.
๐ Bitcoin is an asset. Blockchain is the technology that can record transactions.
$BTC $BNB
#Blockchain #Bitcoin #BTC #BNB #CryptoEducation #CryptoForBeginners #BinanceSquare #LearnCrypto
Think of a blockchain as a digital record book ๐ that stores transactions across a network of computers.
๐น Transactions are grouped into โblocksโ
๐น Blocks are linked together
๐น The network verifies the information
๐น Once recorded, changing past data is difficult
๐ก Simple example:
When you send Bitcoin, the transaction is recorded on the Bitcoin blockchain so the network can verify it.
๐ Bitcoin is an asset. Blockchain is the technology that can record transactions.
$BTC $BNB
#Blockchain #Bitcoin #BTC #BNB #CryptoEducation #CryptoForBeginners #BinanceSquare #LearnCrypto