Cryptocurrencies and blockchain technology are intrinsically linked. You can think of blockchain as the foundation upon which cryptocurrencies are built.
Blockchain as a Public Ledger: Blockchain acts as a secure, decentralized public ledger that keeps track of all cryptocurrency transactions. Every transaction is chronologically recorded in a "block" and then chained together with other blocks, creating a tamper-proof record.
Cryptocurrency Running on Blockchain: Cryptocurrencies like Bitcoin, Ethereum, and Litecoin use blockchain to ensure secure and transparent transactions without needing a central authority like a bank.
Here's a metaphor to understand it better: Imagine a Google Doc where everyone can see the edits made to a document (transactions), but no one can modify past entries (unchangeable blocks). This transparency and security are key features of blockchain technology that cryptocurrencies leverage.
Let me know if you'd like to delve deeper into how blockchain works for cryptocurrencies, or if you're interested in specific examples of cryptocurrencies.
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