What is it?
Blockchain is a way to store data. It keeps records in a chain of blocks. Each block has a list of transactions.
Tech Understandability: Beginner
Simple One-Sentence Definition
Blockchain is a secure method of storing information.
Analogy or Comparison
Think of blockchain like a digital ledger or notebook that everyone can see.
Why it matters?
Blockchain provides security and trust. It helps prevent fraud in transactions.
Fun Fact
Bitcoin was the first application of blockchain technology.
Related Terms
Cryptocurrency: Cryptocurrency is digital money that uses encryption for security.
Smart Contract: A smart contract is a program that automatically executes agreements on a blockchain.
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