Blockchain is a special way to store and share information on the internet that is:
β
Secure
β
Transparent
β
Decentralized
β
Unchangeable
It is the technology behind cryptocurrencies like Bitcoin and Ethereum.
π§ Imagine this:
A digital notebook that is shared with thousands of people, and everyone writes on it.
Once something is written, no one can erase or change it β everyone sees the same thing.
π¦ How Does Blockchain Work?
1. Block:
Each block stores:
Data (like transactions)
Time and date
A special code called hash
2. Chain:
Each new block is connected to the previous one β like links in a chain. Thatβs why itβs called block + chain.
3. Decentralized:
Blockchain is not stored on one computer β itβs shared across thousands of computers (nodes) around the world.
π§ Real-Life Example for Teens:
School Diary Example:
You and your friends write your marks in a shared digital diary.
No one can delete or change the marks.
Everyone sees the same diary.
This is how blockchain works β secure, fair, and shared!
π Where is Blockchain Used?
Cryptocurrency β (Bitcoin, Ethereum)
NFTs β Unique digital art
Supply Chain β Track items (like food, clothes)
Voting β Secure online voting systems
Healthcare β Storing patient records safely
π Summary:
Blockchain is a safe and smart way to store digital data so that it canβt be changed, hacked, or hidden.
It's changing the future of money, business, and even governments.