Blockchain Explained In Simple Terms
What is the meaning of the term blockchain?
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đź•’ 10:31 AM
đź“… Aug 26, 2025
✍️ By Naftal
Blockchain is basically a shared digital ledger (like a public notebook) that records transactions in a way that’s:
Decentralized → No single person or company owns it; instead, it’s run by many computers (nodes).
Immutable → Once info is added, it can’t be easily changed or deleted.
Transparent → Everyone on the network can verify the transactions.
Each set of transactions gets grouped into a block, and those blocks are linked together in order → forming a chain of blocks → hence, blockchain.
Think of it as:
A Google Doc that everyone can see and update, but nobody can secretly alter the past edits.
Or like a receipt book where every page (block) is signed and chained to the last one, making it tamper-proof.
That’s why it’s the foundation for crypto, NFTs, DeFi, DAOs, and beyond—because you can trust the system without needing a middleman