Understanding Blockchain: A Straightforward Guide for Millennials and Gen Z

In a world where technology plays an increasingly central role in our daily lives, you’ve likely come across the term “blockchain.” But if you haven’t taken the time to look into it, that’s okay. We’re here to break it down in a simple and clear manner, making it easier to understand without all the hype.

What is Blockchain?

At its core, blockchain is like a digital record-keeping system. Imagine a shared notebook where you and your friends write down events—like who owes whom money or important dates. Everyone can see the entries, but no one can change them after they’ve been written. That’s essentially what blockchain does—it keeps a permanent and transparent record of transactions.

Blocks and Chains Explained

Now, let’s talk about the technical details. In blockchain terminology, each page of this record is referred to as a "block." …