Blockchain is a new technology that’s changing the way we do business. It’s a big computer database that keeps track of things, and it’s called a “chain” because the information is all linked together in a special way. This makes it really hard for anyone to change the information or mess with it.
Blockchain is used for lots of different things, like making online payments or tracking things in a supply chain. It’s also really safe and secure, which is important when we’re dealing with important information.
One of the most famous uses of blockchain is with a type of money called cryptocurrency. Cryptocurrency is like digital money that you can use to make online payments. It’s not controlled by a bank or government, so it’s really different from regular money.
There are lots of different types of cryptocurrency, but the most famous one is called Bitcoin. Bitcoin was the first cryptocurrency and it’s still very popular today. Other cryptocurrencies include Ethereum, Litecoin, and more.
Blockchain is also being used in lots of other ways. For example, it can be used to track goods in a supply chain. This helps to make sure that everything is moving smoothly and that there aren’t any problems. It can also be used to keep track of medical records, voting, and more.