Part One: What is blockchain technology and digital currencies?
Before diving into the platform, you need to understand the technology that underpins it.
1. What is blockchain (Blockchain)?
Imagine a digital ledger (Digital Ledger) distributed across thousands of computers around the world at the same time. This is blockchain simply. Instead of having a central bank with a single record it controls, the blockchain is a decentralized record (Decentralized), meaning that there is no single party that controls it, but rather it is agreed upon by all participants in the network.
· Why is it called "Blockchain"? Transactions are grouped into "Blocks" that are verified for correctness, and then these blocks are linked together in a "Chain", making it almost impossible to alter or forge old transactions.
2. What are digital currencies (cryptocurrencies)?
They are digital currencies that operate on blockchain technology. The most famous is Bitcoin, which is the first digital currency created. However, there are thousands of other currencies (called Altcoins) such as Ethereum, which allows for the creation of decentralized applications and smart contracts.
3. Why is this important?
This technology allows you to send and receive money directly from one person to another without the need for an intermediary like a bank, and it gives you complete freedom and control over your money.#TrumpConsidersEndingIranConflict