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Blockchain, Bitcoin and the digital dollar

4 screens · 1 min · The basics

See why nobody changes the past on a blockchain, and what BTC, ETH and the digital dollar are for.

Try to change a balance

In a central ledger, whoever runs it can edit it. On a blockchain, try to change an old block.

Whoever runs it can edit it

In a central ledger, anyone with access can change the numbers. Tap edit.

Now try it on a blockchain

Each block keeps a fingerprint of the one before. Change an old value and watch the copies.

Bitcoin and Ethereum

Bitcoin: digital money with a fixed supply. Ethereum: the network for apps, and ETH pays the fee for every action.

  • Bitcoin: Since 2009 · Max supply 21 million
  • Ethereum: Since 2015 · ETH pays network fees

Stablecoins: the digital dollar

USDC and USDT aim to be worth US$ 1. For each token, the issuer says it holds US$ 1 in reserves.

The other side: You depend on the issuer. In rare cases, it can freeze tokens.

Up next: Tokenized stocks