How Transactions Work

When a transaction is initiated, it gets broadcasted to the network. Miners or validators then verify the transaction's validity. Once confirmed, the transaction is bundled into a block and added to the existing blockchain. This process is decentralized and ensures that everyone involved has a copy of the latest ledger.

Importance of Understanding Blockchain for Security

Understanding blockchain technology is crucial for anyone venturing into cryptocurrency. By knowing how transactions are recorded and secured, you can better safeguard your assets against potential threats, such as scams or unauthorized access.

In the next lesson, we will explore cryptocurrency wallets and how to keep your digital assets safe. Stay tuned!