@ron4yk
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 reply
0 recast
0 reaction