Blockchains are transparent, secure data storage systems similar to digital ledgers.

Understanding blockchain is like grasping the concept of a digital ledger where every entry is visible yet secure. It's akin to keeping track of expenses in a family budget spreadsheet, ensuring transparency and accountability.

People can produce, share, and receive rewards for high-quality material on Steemit. A device known as a sequencer, which functions as the Steem blockchain's equivalent of the traffic cop, makes this feasible.

It's like when my friends and I organize a game night. We take turns picking games and making sure everyone gets a chance to play. Similarly, on Steemit, the sequencer ensures fairness by organizing transactions, much like a traffic cop keeps order on the road.

It's critical to comprehend how blockchains reach consensus over which transactions are okay.

It's similar to when my family decides where to go for dinner. We discuss options until everyone agrees on a choice. Likewise, in blockchain, consensus algorithms ensure everyone agrees on valid transactions, maintaining order and security in the network.

All the best