Think of it like a digital notebook that is shared among a group of people, where each page in the notebook represents a block in the blockchain. Each page has a list of transactions and once a page is filled, it's sealed and a new page is started. The notebook is duplicated and given to every member of the group, and every time a new transaction is made, it's added to every notebook. This creates a permanent and unchangeable record of all transactions.
#blockchain
#cryptocurrency
#bitcoin #ethereum
#crypto
#smartcontracts #decentralization #distributedledger #fintech #altcoins