Leicester

Everybody I think understands the concept of a,

blockchain.

It is a ledger.

It is an accounting of transactions over time.

The accounting of transactions has to be maintained.

The maintenance of the ledger is so that the integrity of the chain is persisted.

Look it up.

We have to make sure

that there's acknowledgement of each transaction.

So when you go in your wallet and you sign for something, you approve something, you are telling the chain, yes, I am saying that this is my transaction.

Yes, I'm authorizing to do this transaction, whether that's connected to an application, whether it's sending crypto to somebody, whether it's receiving it,

unless the receiver is an asynchronous, which is a different thing.

I won't get into here.

Point is that there's that first acknowledgement.

You are acknowledging I'm making a transaction.

I want to commit it up.

When your transaction goes up, we'll talk about proof of work because I think it's easier to, for people to understand it.

When you put your transaction up there, there are a whole set of miners and by end E R S out there, and they're looking for blocks.

work and as part of the working of blocks they are rewarded in whichever token say bitcoin sure inside the block are a number of transactions yours included that all get then processed usually there's acknowledgements so there's one person finds it they process it and say this is a transaction that i'm committing

then ultimately multiple are also finding the same.