Hello Binancian! Let's take a peek at how it works! ⚙️
⚡ PoW (Proof of Work): A system where miners compete to solve puzzles for transaction verification (e.g., Bitcoin).
🌳 PoS (Proof of Stake): A system where validators lock coins to verify transactions (more energy-efficient than PoW).
🔄 Fork: A change to the rules of the blockchain that can result in a new version.
⛓️ Sidechain: A separate blockchain connected to the mainnet for better scalability.
💡 Smart Contract: Automated code on the blockchain that executes agreements without intermediaries.
🌱 Layer 2 (L2): Solutions built on top of the main blockchain to speed up transactions and reduce costs.
Understanding the technology makes you more confident! 🚀