Kaya 👽🎩☘️🎲🇺🇦 (ron4yk)

And I continue my marathon of learning cryptocurrency and today is Day 2, thank you for your support! 📚 Day 2: What Is Blockchain? Simple words for a complex topic 1. 📦 What is blockchain? Blockchain is like a chain of blocks that store information about transactions (crypto transfers). Each block contains: 📄 a list of transactions, ⏰ a timestamp, 🔒 a cryptographic code (called a hash), 🧱 the hash of the previous block (this links the blocks into a “chain”). To make it simple: 👉 Imagine a cash register that records every purchase in a notebook — but this notebook is public and cannot be altered. 2. 🔒 Why is blockchain considered secure? 📁 Data cannot be changed — once something is recorded, it cannot be deleted or edited. 👥 Decentralization — copies of the chain are stored on thousands of devices, not just one server. 👀 Transparency — anyone can view the records. 3. How does it work? — A simple example: ⬇️

• 0 replies
• 0 recasts
• 0 reactions

📚 Day 1: What Is Cryptocurrency? (simple explanation) 1. The Main Idea: Cryptocurrency is digital money that exists only online. It works without banks or governments. You control your money yourself. Key features: 🔗 Decentralization — no central authority or control. 🔒 Security — data is encrypted and protected. 🌍 Global use — you can send money anywhere in the world. 🕓 Speed — transfers happen within minutes or even seconds. 📉📈 Volatility — the price of cryptocurrencies can change a lot every day. 2. How It Works: Imagine a giant notebook (this is called blockchain) where all transactions are recorded — who sent money to whom and how much. This notebook: is visible to everyone in the network, is almost impossible to fake, is constantly updated automatically. 3. Example: You have 1 Bitcoin. You send it to me. This transaction is recorded in the blockchain. Everyone can see: you sent it, I received it. No banks, no middlemen, no paperwork! 4. Why Is It Cool? ⬇️

• 0 replies
• 0 recasts
• 0 reactions

Here is my plan to jump into cryptocurrency for the next 10 days 📖, I really appreciate any support Block 1: Basic concepts (days 1-10) Goal: to make you understand what cryptocurrency, blockchain, bitcoin are and why they exist at all. Day 1: What is cryptocurrency? In simple terms (+ short test). Day 2: What is blockchain and how does it work? (+ diagram) Day 3: What is mining and who creates bitcoins? (+ short example) Day 4: How does bitcoin differ from regular money? (+ comparison table) Day 5: Other popular cryptocurrencies (Ethereum, USDT, Solana, etc.) (+ overview) Day 6: What are smart contracts and why are they needed? (+ example scenario) Day 7: Where to store cryptocurrency? Wallets: hot vs. cold (+ diagram) Day 8: What is a cryptocurrency exchange? An example of account registration. Day 9: Basic terms (HODL, Gas fee, DeFi, etc.) (+ vocabulary test) Day 10: Final test for unit 1 + error analysis.

• 0 replies
• 0 recasts
• 0 reactions

And I continue my marathon of learning cryptocurrency and today is Day 2, thank you for your support! 📚 Day 2: What Is Blockchain? Simple words for a complex topic 1. 📦 What is blockchain? Blockchain is like a chain of blocks that store information about transactions (crypto transfers). Each block contains: 📄 a list of transactions, ⏰ a timestamp, 🔒 a cryptographic code (called a hash), 🧱 the hash of the previous block (this links the blocks into a “chain”). To make it simple: 👉 Imagine a cash register that records every purchase in a notebook — but this notebook is public and cannot be altered. 2. 🔒 Why is blockchain considered secure? 📁 Data cannot be changed — once something is recorded, it cannot be deleted or edited. 👥 Decentralization — copies of the chain are stored on thousands of devices, not just one server. 👀 Transparency — anyone can view the records. 3. How does it work? — A simple example: ⬇️

• 0 replies
• 0 recasts
• 0 reactions

3. How does it work? — A simple example: You want to send 1 Bitcoin. Your transaction enters the network. Miners check and confirm it. It is added to a new block. The block becomes part of the chain. The transaction is now official. ⬇️ Simplified process: [Your Transaction] ↓ [Verified by Miners] ↓ [Added to New Block] ↓ [Block Linked to Chain] ↓ [Transaction Confirmed!] 4. What else is blockchain used for? Blockchain isn’t just for money. It’s also used in: ✍️ smart contracts (automated agreements), 📦 logistics (tracking goods), 🎨 NFTs (digital art), 🏥 healthcare (storing medical records securely). 🧠 Mini Test (Day 2) Choose the correct answers: What is stored in the blockchain? a) Only wallet balances b) A list of transactions c) The number of bitcoins in circulation Why is blockchain hard to hack? a) It’s stored on one central server b) Only one computer checks it c) It’s stored on thousands of computers ⬇️

• 0 replies
• 0 recasts
• 0 reactions

It's a bit of a strange situation, isn't it? 😰 I'm on a social network for crypto experts, but I'm still learning the ropes. I really want to understand it, but every time I try, I get overwhelmed. I close all the videos and articles without getting any information. So from this day on, I am going to challenge myself and learn every day with the GPT chat, starting with the basics. I would really appreciate your support. 🤝 I'm excited to share these lessons with you, and I hope they're useful for someone else too. 💜

• 0 replies
• 0 recasts
• 0 reactions

wow 😍

• 0 replies
• 0 recasts
• 0 reactions