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

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.

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.