>>122897141shit explanation
>>122896673imagine a public ledger that everyone in the world can write on that shows who gave X amount of virtual currency to whom, however every time you add a line, you have to sign it to prove it's legit, and it's physically impossible to forge signatures
so if you have 100 Xs, and you write "I give 50 Xs to bob", who has none, now you have 50 and bob has 50, but neither of yours are stored in some (((central))) database that could be hacked or stolen, instead everyone has a separate copy of this ledger, and when one person updates theirs with a legit transaction, you check their work and say "ok" and add it to your own. because everyone updates their own copies of the ledger, if you try to give more money than you have, the people who are checking your work will say "nah that's invalid" and not add it to their ledgers, with majority consensus ruling whose ledgers are correct.
>>122896774>>122897123>>122897169extremely retarded poorfags ngmi
