Crypto Glossary
BLOCKCHAIN
Think of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It’s a chain of transaction blocks linked chronologically.
The awesome innovation of blockchain is its decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... design. This makes it super resilient against hacking or fraud.
Once something is added to the blockchain, it’s there permanently as part of the historical record. No erasing the past!
In a nutshell, a blockchain is a decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the..., fraud-resistant ledger that immutably archives network activity through distributed consensus.