Blockchain Explained Simply: Digital Ledger Technology REPORTS 3

Episode 3 of 5 Todays "Blockchain Explained Simply: Digital Ledger Technology," offers an overview of the foundational technology behind cryptocurrency. It describes blockchain as a shared digital ledger or record book distributed across numerous computers globally, emphasizing its decentralized nature. Each entry in this record book is a "block" containing verified transaction details, which is permanently linked to previous blocks once filled, creating the "chain". Chella Smith Eco FutureWealth highlights the technology's strength in transparency and trust, explaining that once a transaction is recorded, it cannot be altered or erased, much like writing in permanent ink, which ensures no single entity can secretly control the data. Finally, the source sets up the next episode, which will focus on the practical aspects of storing and protecting cryptocurrency.
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