Cryptocurrency & Blockchain – Explained Simply
Cryptocurrency & Blockchain – Explained Simply These days we often hear words like Bitcoin, Crypto, or Blockchain. Many people think it’s too complicated, but actually, it’s not that hard. Let’s break it down in very simple language. What is Cryptocurrency? Think of it like this: you have money, and you want to send it to someone online without using a bank. That’s what cryptocurrency does. It’s a type of digital money. No bank or government is needed. You can send money anywhere in the world within minutes. 👉 Examples: Bitcoin, Ethereum, Dogecoin How Does Blockchain Work? The technology that makes cryptocurrency possible is called Blockchain. Imagine a big notebook where every transaction is written. Each page of that notebook is a “Block.” All the pages together form the “Blockchain.” Once something is written, it can’t be erased or changed. This makes blockchain very safe and trustworthy. Why Do People Use Crypto? 1. No middleman – direct transactions. 2. Fast and cheap tran...