Lesson 1: What is Blockchain?

Blockchain is the innovative technology behind cryptocurrencies, including Bitcoin and Ethereum. At Movo, we describe blockchain as a secure and transparent digital ledger or record book.

Imagine blockchain as a digital notebook shared across many computers globally. Every time someone makes a cryptocurrency transaction, this information is recorded as a “block.” Each new block is securely linked to the previous one, forming a continuous chain—hence the name “blockchain.”

Because blockchain is spread across multiple computers, no single person or organization controls it. This makes the system extremely secure, transparent, and nearly impossible to alter or manipulate. Everyone participating in the network can view the transactions, but the identity of users remains private.

At Movo, we leverage blockchain technology to ensure that your digital transactions are secure, reliable, and transparent, giving you complete control over your financial activities.