What is Blockchain? A Beginner’s Guide to the Technology Behind Bitcoin and Web3
BLOCKCHAIN In recent years, blockchain has become one of the most talked-about technologies in the world—powering cryptocurrencies like Bitcoin and Ethereum, enabling decentralized finance (DeFi), and setting the foundation for Web3. But despite its popularity, blockchain remains a confusing topic for many. This blog post aims to break down blockchain in simple terms—what it is, how it works, and why it matters. 🔗 What is Blockchain? A blockchain is a distributed, digital ledger that records transactions in a secure, transparent, and tamper-proof way. Instead of being stored in a single location (like a traditional database), the information is shared across a network of computers, making it decentralized and resilient . Think of it like: A digital notebook shared with thousands of people—every time someone writes a new note, everyone gets an updated copy, and no one can erase or change previous notes without everyone agreeing. 🧱 How Does Blockchain Work? At a basic le...