How does the Blockchain work?
Ever wondered how blockchain actually works? The Lesson Hacker explains all!
Think of it like a high-stakes game of Monopoly where no one trusts the banker. Instead of one person keeping track of the game, everyone writes down every single transaction. Buy Mayfair? It’s recorded. Land on Free Parking? Yep, noted. Plus, once something’s written down, it’s locked in—no one can erase it.
But here’s the twist: instead of using pens and paper, blockchain uses super tricky cryptographic puzzles to verify every transaction. Imagine trying to solve a Rubik’s Cube blindfolded, with computers doing the hard work. The first one to crack the code gets rewarded with cryptocurrency (aka Bitcoin mining).
Ready to dive into blockchain in a fun and simple way?
Watch the video to see how this global game of Monopoly is shaping the future of finance!
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