Bitcoin is like an apple farm 🍎
Imagine you have an apple farm. You decide you’re going to sell your apples in exchange for something valuable. To make sure no one steals your apples or copies them, you hire a group of custodians who record all the sales on a big public ledger (the blockchain).
Every time someone buys an apple, the custodians write down that transaction on the ledger, ensuring everyone knows who owns what. These custodians are like Bitcoin miners – they validate and record the transactions.
You can think of the farm as the Bitcoin ecosystem. The apples are the bitcoins, and the ledger (blockchain) ensures that each transaction is transparent and secure.
Just like a well-run farm where every apple is accounted for, Bitcoin uses blockchain technology to keep a decentralized, tamper-proof record of all transactions. And just as you can trade your apples for something of value, Bitcoin can be used for secure and fast financial transactions around the world.
