Table of Contents: What is a Blockchain? What is Mining and Staking? What is Cryptocurrency? What is Cryptography? What is a Token? What are Smart Contracts? What are NFTs? What is a Blockchain? A blockchain is exactly what it sounds like: a chain of blocks, each block containing some transactions (such as a transfer of 2 Bitcoins from me to you) and data. Although there are various implementations, the basic idea is this: every so often, a new block is added to the chain, which allows new transactions to be processed. This allows new information to be added, in the form of new blocks, while keeping a history of past information, in the form of old blocks. All blocks are linked together, and old blocks cannot be changed. In order to understand how new blocks are added and what they do, we should first understand what a
1. Blockchain Basics
1. Blockchain Basics
1. Blockchain Basics
Table of Contents: What is a Blockchain? What is Mining and Staking? What is Cryptocurrency? What is Cryptography? What is a Token? What are Smart Contracts? What are NFTs? What is a Blockchain? A blockchain is exactly what it sounds like: a chain of blocks, each block containing some transactions (such as a transfer of 2 Bitcoins from me to you) and data. Although there are various implementations, the basic idea is this: every so often, a new block is added to the chain, which allows new transactions to be processed. This allows new information to be added, in the form of new blocks, while keeping a history of past information, in the form of old blocks. All blocks are linked together, and old blocks cannot be changed. In order to understand how new blocks are added and what they do, we should first understand what a