Explain Bitcoin Like I’m Five
@nik5ter uses a simple “apple” analogy to show why digital transfers are tricky: while handing a physical apple directly to someone proves they have it,so no single party can alter balances or create extra coins without the network noticing. Participants (“miners”) validate and record transactions in return for newly issued bitcoins,ensuring scarcity and enabling peer-to-peer exchanges that feel as secure as handing over a physical object, but work instantly across the globe.
DYOR:https://medium.com/free-code-camp/explain-bitcoin-like-im-five-73b4257ac833