Bookworm

🪙 What Is Cryptocurrency ? Cryptocurrency is digital money — but unlike traditional money (like dollars or euros), it's not controlled by any government or bank. It lives on the internet, and it uses blockchain technology to work safely, transparently, and without needing a middleman. 🧾 Real-World Analogy: Imagine a world where you can: Send money to a friend instantly, even if they’re in another country No bank needed No permission required And it’s all logged on a public, tamper-proof ledger That’s what cryptocurrency allows. 🧩 Breaking It Down 1. Crypto = Encryption “Crypto” stands for cryptography — fancy math that keeps your transactions safe and secure. 2. Currency = Money It acts as money: you can use it to buy, sell, or store value — just like cash or gold. But this money is 100% digital and peer-to-peer (you to me, no middlemen). 📈 Examples of Cryptocurrencies Bitcoin (BTC): The first and most well-known. Often called "dig...

🧱 What Is Blockchain ? Blockchain is like a digital notebook — but instead of being kept in one place, it’s copied and shared across thousands of computers around the world. 🖊️ Imagine This: You and your friends keep a group ledger (a shared notebook) where every time someone lends or borrows money, you all write it down. But there's a catch: No one is allowed to erase anything. Everyone must agree before a new page is added. That’s basically what blockchain does — but with data instead of loans. 🧩 Breaking It Down 1. Block A block is like a page in that notebook. It contains: A list of transactions (e.g., Alice sent Bob 2 Bitcoin) A timestamp A unique ID called a hash The hash of the previous block (linking them together) 2. Chain Blocks are connected like a chain — each one links to the block before it. That’s why it’s called a blockchain . Once a block is full of data and added to the chain, it can’t be changed without changing every block after it — which is extr...