In recent years, you might have heard terms like Bitcoin, Ethereum, or cryptocurrency. But have you ever wondered what technology powers them? That technology is Blockchain.
In this article, we’ll explain blockchain in the simplest way possible — no technical jargon, no confusion.
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🔹 What is Blockchain?
Blockchain is a digital ledger — like a notebook on the internet — where information is recorded in a secure, transparent, and unchangeable way.
Each record is stored in a “block”, and these blocks are connected to each other in a chain. That’s why it’s called block-chain.
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🔹 How Does Blockchain Work?
Let’s break it down in 3 simple steps:
1. A Transaction Happens:
For example, Ali sends 1 Bitcoin to Sara.
2. The Transaction is Verified:
Thousands of computers (called nodes) confirm that Ali has Bitcoin and is sending it.