How does blockchain technology work?

Blockchain is a distributed ledger technology that records transactions transparently and immutably, ensuring security and decentralization.

It’s like a magic notebook shared by everyone. When someone does something important, like buying something using money, they write it in the notebook. The cool thing is that everyone can see what’s written, and once it’s there, it can’t be erased. So it’s super secure! And instead of just one person controlling the notebook, everyone shares it, which makes it very fair and special.

–> –> See question “How does bitcoin work?