HomeBlockchainBlockchain for Kids | Blockchain Explained for Beginners

Blockchain for Kids | Blockchain Explained for Beginners

-


Let me tell you a short story about a little fellow called Jacob. Since he could remember, Jacob always wanted to get a blue cat, but his parents were always finding ways to not get it for him. So, one Christmas, he figured out a way to finally get his dream pet. He would send his wish to Santa. Oh, how excited he was when he wrote the letter.

But Jacob was too young to take the letter to the post office by himself…

So, the next morning, he had to ask his dad to do it for him. You could say that his dad was the middleman between Jacob and Santa.

He never imagined that, on his way to the post office, his dad would open the letter, read it, and replace the blue cat on the list, with a brand new pair of socks. The letter was posted to the North Pole to Santa and the elves. When they received it, they started working right away making Jacobs gift. So, that year Jacob received an adorable pair of socks. But next Christmas, Jacob decided to use the Blockchain“>.

Jacob wrote exactly the same letter, but instead of giving it to his mum or dad to deliver, he directly uploaded it to the “North Pole Blockchain“>”. The “North Pole Blockchain“>” is made up of a lot of computers connected to one another through the Internet, that all store a copy of everyones Christmas list. The network is being monitored at the same time by all the elves, Santa himself, and even people, like Jacobs parents.

See also  Ethereum Developers Can Solve the Scalability Problem before the launch of ETH 2.0

Every time a new letter is received, it is saved onto every individual computer, so everyone has the exact same copy. As the blockchain is an open network, everyone can see all the letters, even though its impossible to know to whom each one belongs to.

But when Jacobs parents saw that there was a letter asking for a blue cat, it wasnt hard for them to know that it was from Jacob. So, once again, they changed it, this time for a cookbook. But as every other node had a copy of Jacobs real letter, the change was spotted, and the computer trying to make the change was cut off from the network, meaning Jacob’s real letter remained unchanged.

So, guess what Jacob received that year for Christmas..

Read More: The bull and bear case for cryptocurrencies

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

What is a Cryptocurrency? Crypto Explained for Beginners

What is a cryptocurrency? A cryptocurrency is a digital representation of something valuable, such as money, that only exists online. Cryptocurrencies use cryptography to verify...

The Crypto Market is BROKEN 💥 (Bitcoin, Ethereum, Solana, & Binance News)

https://www.youtube.com/embed/7P0D9_oDpIA all right welcome back everybody to altcoin daily my name's austin the cryptocurrency market continues to...

BEST 7 ALTCOINS! BIG PRICE MOVES COMING! THINGS HAVE CHANGED! | CRYPTOCURRENCY NEWS

https://www.youtube.com/embed/CF628ExY1a0 welcome back everybody to altcoin daily my name is  aaron there is fantastic opportunity in altcoins   right now in...

Is digital currency dead?

https://www.youtube.com/embed/N58uDTGsmKo associate editor darren fonda wrote the story and he joins us now daryn thanks for coming...

Follow us

4,324FansLike
534FollowersFollow
345FollowersFollow
345FollowersFollow
575FollowersFollow
445SubscribersSubscribe

Most Popular