A shared, digital record book where everyone sees and agrees on entries. 📖
Imagine a shared notebook where every page is copied and given to everyone involved. When someone adds something to their page, everyone else gets the update too, and they all check to make sure it's correct. This makes it super hard to change anything without everyone knowing, creating a very trustworthy record. ✨
Think of it like a giant, shared spreadsheet or notebook that exists on many computers at once. Instead of one person keeping track of everything, everyone involved has a copy and can see the same information. This makes it transparent and open. 📊
Data is grouped together into 'blocks'. Once a block is filled with information (like a page in our notebook), it's added to the chain. Each new block is linked to the previous one, creating a chain of information. 🔗
Because everyone has a copy and new blocks are linked using special codes, it's incredibly difficult to go back and change information in a past block without everyone noticing. It's like trying to rip a page out of everyone's notebook at the same time! This makes the record very secure and trustworthy. 🔒
Unlike a traditional database controlled by one company or person, a blockchain is spread across many computers. No single entity has complete control, which makes it resistant to censorship or single points of failure. It's like a community-owned record. 🤝