Blockchain in Plain English

Añadido: 2026-05-05

[00:00:00]Sure. So, blockchain is the underlying technology that allows crypto digital assets, Bitcoin, to exist.

[00:00:10]The way to think about it is to think about it like an open digital record book or digital ledger that everyone could see and no one could alter unless everyone else that's looking at it agrees to it being altered.

[00:00:23]So, let's break that down a bit more.

[00:00:26]Every time there's a transaction, what's a transaction? Like sending Bitcoin from me to you, minting an NFT.

[00:00:33]It becomes a new publicly available entry.

[00:00:37]These entries are then grouped into what we call blocks, which are then locked in and linked to previous blocks in chronological time order forming a chain.

[00:00:49]This is why it's called a blockchain.

[00:00:52]All the blocks are linked together to literally form a chronological chain.

[00:00:58]Okay.

[00:00:59]So, it's kind of like in like very, very simple terms, it's almost like if we have a public Google Sheet anyone can access but no one can edit. Correct. And if they do edit it, everyone needs to agree.

[00:01:12]>> Every single person needs to agree.

[00:01:14]Right.