The blockchain (finally!)
Each operation a user makes is saved in a block. The operation data generates what we call a hash, which works like a unique ID. Each block stores the hash of the previous block, so the blocks connect to form a chain.
The block
Each block contains information, such as a transaction date, sender, recipient, and amount. That information generates its own hash.
The chain
Each block has its own hash and stores the hash of the previous block. That connection forms the chain.
Transparent
Because everyone in the network can verify the ledger, changes or inconsistencies are easier to detect.