The world of cryptocurrencies can be intimidating at first, but understanding the basics is key to informed investing.
1. Blockchain
Definition: It is a decentralized digital ledger that stores transactions in blocks, linked in an immutable chain.
Example: Bitcoin uses blockchain to record all transactions made on its network, ensuring security and transparency.
2. Cryptocurrency
Definition: It is a digital currency that uses cryptography to secure transactions and control the creation of new units.