curso

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#BecomeCreator #Binance: #curso Day 2: How does blockchain technology work?
Simple explanation
Blockchain: the backbone of cryptocurrencies
If yesterday we learned what cryptocurrencies are, today we will dive into the technology that underpins them: blockchain. Imagine blockchain as a large digital ledger, but with a peculiarity: it is distributed across thousands of computers around the world and is virtually impossible to alter.
How does it work?
* Blocks: Information in blockchain is stored in blocks. Each block contains a set of transactions.
* Chain: Blocks are linked together chronologically, creating a chain of blocks or blockchain.
* Decentralization: The blockchain is not controlled by a single entity, but is shared by a network of computers. This makes it very secure and transparent.
* Immutability: Once a block is added to the chain, it is extremely difficult to modify it. This is because each block contains a hash of the previous block, creating a sort of timestamp.
Why is this important?
* Security: Decentralization and immutability make blockchain a very secure technology for storing information.
* Transparency: All transactions are recorded publicly, which increases transparency.
* Efficiency: By removing middlemen, blockchain can make transactions faster and cheaper.
Simple analogy:
Imagine blockchain as a ledger that all partners in a company can see and edit. Every time a transaction is made (for example, a sale), a new page is added to the ledger. This page contains information about the transaction and a stamp that links it to the previous page. If someone tried to change an earlier page, all subsequent stamps would become invalid and the fraud would be detected.