Understand Blockchain Fundamentals

Blockchain is the secure technology behind TRD Tokens and decentralized networks. It's a very reliable way to keep digital records.

What is a Blockchain?

Imagine a shared digital record book. Each new "page" (a block) is securely connected to the one before it, forming a "chain."

» Public Record: It's like a list of all activity on the network, visible to everyone.

» Shared Everywhere: Millions of computers (nodes) around the world each hold a copy of this record.

» Securely Linked: New blocks are locked to old ones, making changes nearly impossible.

➤ Key Blockchain Ideas 💡:

1. Decentralization:

Meaning: No single person, company, or government controls it.

Benefit: Makes the network very strong against attacks and censorship.

2. Transparency:

Meaning: All confirmed actions are publicly visible.

Benefit: Builds trust because everything is open.

3. Immutability:

Meaning: Once a record is on the blockchain, it cannot be changed or deleted. It's permanent.

Benefit: Ensures records are always reliable and true.

4. Consensus:

Meaning: Most computers in the network must agree for new information to be added.

Benefit: Prevents false records and keeps everyone's copy of the ledger the same.

Blockchain is the secure and open backbone that allows networks like TRD Network to work, bringing trust and efficiency to digital interactions.