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A Super-Simple Guide To Bitcoin And The Blockchain

Jordan Irabor on October 10, 2017

If children were asked to invent money for themselves, how would they do it? Imagine that you’re back in kindergarten and this is the situation; ...
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Peter Kim Frank

Fantastic article and explanation. I've read a number of these "Simple Primers to Blockchain" or "Explain Cryptocurrencies Like I'm 5" but this illustration is my favorite to date.

Thanks for sharing!

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Eddie Kollar

Jordan, this was one of the best explanations of the blockchain mechanics put in layman's terms. I will be using this awesome analogy to help explain to my non-technical friends how this works. Thank you!

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mogwai.

Thanks for the breakdown, Jordan!

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Renato José da Silva • Edited

Awesome article! I have a question. The miners receive bitcoins as a reward for their work to validate the transactions, and those bitcoins are new, right? When all bitcoins have already been minered, how will the miners be rewarded?

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Jorge Guberte

This article is the essence of an ELI5 answer. Thank you!

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Chioke Gerald Ikenna

Man your article is the dope. You have indeed demystified the concept of bitcoin and blockchain technology. Well done Jordan!

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AyoAlfonso

This was a REALLY good explanation.

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Solomon Osadolo

This is pretty dope, man. Illustration was spot on.

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Emeka Richard O

I think this article is fantastic

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akagha chinaka

pretty straight forward.

Thanks Jordan.

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Edvinas Pranka

Super explanation, thanks!