$BTC Understanding what crypto is, the first thing to know is that it has no physical form. Moreover, it is not stored in users' electronic wallets, as it always exists on the blockchain. However, crypto wallets are necessary for conducting transactions with coins. All information regarding crypto transactions can be found on the blockchain in the form of records that are linked together in blocks, creating a single chain.

Each page of the register is similar to a block, and the entire group of pages resembles a book or blockchain. This technology implies that everyone who uses crypto has their exact copy of this book. During a transaction, all copies are automatically updated on the computers of each participant in the network. All records remain accurate and identical. To prevent fraudulent activities, one of two main methods is used to verify each crypto transaction - Proof of Work or Proof of Stake.$BTC