Get basic information on blockchain here. Cryptocurrency and Blockchain are big news these days. We thought it would be helpful to include some information to help us all understand this new world as it relates to both. So, this page is intended to provide helpful information to bring you up to speed. Don’t worry, we are keeping it simple here, enough information to take away some of the confusion. For a start: blockchain records virtually everything of value when programmed to do so. Such as it has become an incorruptible digital record of economic transactions.
NOW – Let’s make that even simpler for you to understand. Blockchain Details Made Simple (for us simple folks)
- The blockchain is literally a large, international, decentralized spreadsheet. There is no “central bank” location.
- Also, the blockchain keeps track of who sent how many tokens/crypto/information sets to whom. Consider it like a bank for bitcoin (and other cryptocurrencies).
- Individual transactions make up the blocks that are received and sent through the blockchain.
- In the case of Cryptocurrency/digital coins; it tracks the balance of every account in existence.
- Literally, thousands of people (referred to as miners) around the world who have “special” computers maintain and track the blockchain.
- So, when you access your Cryptocurrency Balances, you are seeing data on the blockchain, not in any one personal system.
Information on Blockchain and YOU
So now you too can be a part of the current trend of Blockchain and Cryptocurrency. Become a Miner of Cryptocurrency on the blockchain now, it is relatively easy. Consequently, you do not need to fully understand it or even put capital at risk.) This is an amazing way of creating opportunities for millionaires among even every one of us out there. It is for real. This works without the need for a total understanding of how Blockchain even works. I’m glad that’s true because I am one of those who are new to the cryptocurrency world.
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