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💡Remember, this newsletter is informational only. Please…do your own due diligence. I’ll introduce a few terms, but please take the time to dive deeper.
Hash Functions:
Imagine a magic blender. You can put in anything, like your name or a drawing, and it spits out a totally unique secret code.
If you change even ONE tiny thing, the code becomes completely different!
Crypto uses this “magic blender” to check that nothing sneaky happened. It’s like a super fingerprint that never lies.
Distributed Ledger:
A ledger is just a big notebook, where we write down who sent money to who.
In crypto, this notebook isn’t in one place. Thousands of computers all over the world each have their own exact copy.
When something new gets written, every computer updates at the same time. No one boss controls it…everyone shares!
Immutability (Can’t Be Changed):
Once something is written in the notebook and locked with those magic codes, it’s like it was written in permanent marker in front of everyone.
You can’t erase it, or change it, without everyone noticing. It stays forever!
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These three things make crypto safe and honest, like a playground where everyone can see the rules and nobody can cheat.
Until next time… 👋
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Special Shoutout:
I would like to shoutout the subscribers and audience for supporting me in this newsletter. It has been an absolute pleasure (and privilege) to do this!
Thank you!