Blockchain : Can you explain the concept of a blockchain to kids?
Let me try:
Me: Hey kid do you know the blockchain?
Kid: No what is that?
ME: It’s like something, for example a book no one has control of because no one has the whole thing and everyone involved has a small piece which if they gathered together they can make the book back or the thing from the start, so in other words blockchain is just blocks of information linked together by mathematics algorithms like that no one can change the information in anyway. because the book gets checked by everyone mathematics so there is no extra page in that book or something not normal changed.
Kid: wow that’s pretty good
did I do well?
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
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