Damon Posted June 19, 2021 Share Posted June 19, 2021 A while back I heard about blockchain, and I guess it's a way to send cryptocurrency to one another or a tool to send crypto, idk. I don't fully understand what the purpose of blockchain is when it comes to crypto. Can anyone explain what the point of blockchain is? In a more understanding way lol. 😄 Quote Link to comment Share on other sites More sharing options...
Emma Posted June 20, 2021 Share Posted June 20, 2021 I believe the easiest way to explain it is that it is an encrypted database that will flow into a "block". Once that block is filled, it will add a new block to it and connect it. In some cases it isn't encrypted. I guess the easiest what to think of it is like lego blocks that keep connecting and expanding based on data usage and needs. Quote Link to comment Share on other sites More sharing options...
James Posted June 20, 2021 Share Posted June 20, 2021 The blockchain is the ledger of all the movement of coins on the chain. Think of it like the back of your checkbook when we used to balance those with pen and paper :). Quote Link to comment Share on other sites More sharing options...
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