#TradingTypes101

Transaction aggregation in a "Block":

A group of transactions is aggregated into a "Block".

Verification and encryption:

A network of computers (called nodes) verifies the validity of the transaction using mathematical algorithms and complex encryption.

Adding the block to the chain:

After verification, the block is added to the previous blocks – hence the name Blockchain.

Transparency and security:

Everyone in the network can see this block, and it cannot be modified later, preventing forgery and increasing trust.

Advantages of digital currencies:

Decentralization: Not controlled by a bank or government.

Privacy: Transactions do not reveal true identities.

Transparency: All transactions are recorded and can be verified.

Speed: Sending money around the world takes minutes.