I have done some reading and think I have a basic understanding. But if I had to explain it to someone else, I would probably fail, which means I don’t understand it well. Please ELI5 this for dummy me.
I have done some reading and think I have a basic understanding. But if I had to explain it to someone else, I would probably fail, which means I don’t understand it well. Please ELI5 this for dummy me.
It’s really just a public ledger. Users have addresses and the blockchain keeps track of transactions between addresses. “Token” is just a word to help you visualize what’s happening: the ledger says that you now have X+1 and the other guy has Y-1.