Lesson 7: Let's understand how cryptocurrencies work in simple terms.

Why does this lesson matter?

In order to understand cryptocurrencies, it is impossible to avoid the "blockchain. By understanding the blockchain, you can learn how digital currencies work.

What you can learn in this lesson

  • Overview of the blockchain
  • The custodian of cryptocurrency

Let's understand the "blockchain," the mechanism that supports cryptocurrency

Cryptocurrencies function through a special mechanism called "blockchain.

A blockchain is a technology that can establish a mechanism for distributing all kinds of value digitally, while excluding third parties.


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Is it true that cryptocurrencies do not have an administrator?

One of the characteristics of cryptocurrencies is that there are people who create them, but there are no people who manage them.

For this reason, it is necessary to implement a system that can function properly even if there is no one to manage it.

Blockchain is the mechanism for this.


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