What is a blockchain?
Simple explanation with examples
You have probably heard the term blockchain, but what does it really mean?
Imagine a public ledger, where everyone can see and verify each transaction. Each page of that ledger is a “block” and each block is connected to the previous one, forming a “chain.” This is how blockchain was born: a decentralized, secure, and transparent database.
When I started in crypto, I didn’t have much money on Binance, but I had a strong desire to learn. Understanding how blockchain works helped me gain confidence in this new system.
For example, if Juan sends 1 BTC to María, that transaction is recorded in a block validated by thousands of computers. Once added to the chain, it cannot be modified. This eliminates the need to trust a bank or intermediary.
Since then, I see blockchain as a powerful tool not just for money, but for contracts, digital identity, and more.
Did you already know this? What application of blockchain do you find most useful?#BinanceHODLerSTO
