Tech · 7 min

Blockchain Demystified

Blockchain is a shared ledger maintained by many computers, not magic money.

Blockchain Demystified

Core Idea

Blocks of transactions chain together cryptographically. Altering history requires rewriting the entire chain across nodes.

Consensus

Proof-of-work and proof-of-stake are methods for agreeing on valid transactions without central authority.

Beyond Crypto

Supply chain tracking, medical records, and voting pilots explore non-financial uses.

Limitations

Energy use, scalability, and regulatory uncertainty constrain mainstream adoption.