Blockchain for Kids: A Simple Explanation 👶

Imagine you have a piggy bank 🐷 where you keep all your money 💰. But instead of just one piggy bank, all your friends have the same piggy bank too! And every time someone puts money in or takes money out, everyone can see what’s happening. This way, no one can cheat or steal because everyone is watching 👀.

That’s kind of like how blockchain works. It’s a big book 📖 that keeps track of things like money 💰. When people want to send money to each other, they write it down in the book. But the special thing about this book is that it can’t be changed or erased, so everyone can trust that what’s written in it is true. And instead of just one person having the book, lots of people have a copy of it, so everyone can see what’s going on. This is called a “decentralized” system, because there’s no one person or group in charge.

I hope this helps! 😊