PrincipiantesCrypto

2️⃣ Exploring Blockchain! 🌐 Did you know it is the foundation of all cryptocurrencies?

Blockchain is the technology behind cryptocurrencies like Bitcoin and Ethereum.

🧐 What exactly is it? Blockchain is a type of database, but instead of being stored in one place, it is distributed across a network of computers. Think of it as a digital ledger that no one can modify without the consent of others.

🛠️ How does it work?

Every time a transaction is made (for example, a cryptocurrency purchase), it is saved in a "block". Then, these blocks are linked together forming a chain (hence the name blockchain). All blocks are public and are updated in real-time.

💡 Why is it important?

Security: It cannot be easily altered or hacked.

Transparency: Everyone can see the transactions, which makes it more trustworthy.

Decentralization: It does not rely on a single entity like a bank.

🔗 #Blockchain #Technology #Cryptocurrencies #Decentralization #LearningCrypto #PrincipiantesCrypto #KMM