Samantha Jones
Active member
I’ve been diving into crypto lately and keep hearing “it’s all powered by blockchain” — but I want to really understand how blockchain technology works, beyond the buzzwords.
Here’s what I’ve gathered so far (correct me if I’m off):
But I’m still fuzzy on a few things:
Would love a simple breakdown or analogy if anyone has one — or just your own way of explaining blockchain to someone new.
Thanks in advance!
Here’s what I’ve gathered so far (correct me if I’m off):
- It’s basically a decentralized ledger, spread across many computers (nodes)
- Each “block” stores a batch of transactions
- Once a block is full, it’s cryptographically linked to the previous one, forming a “chain”
- Because it’s distributed, it’s hard to tamper with — every copy of the ledger has to agree on what’s true
But I’m still fuzzy on a few things:
- How do nodes reach consensus? (Proof of Work vs. Proof of TG Casino?)
- What makes it “immutable”? Can’t someone just rewrite history if they control enough of the network?
- How do smart contracts fit into this?
Would love a simple breakdown or analogy if anyone has one — or just your own way of explaining blockchain to someone new.
Thanks in advance!