So, how does my Digital Currency move from my wallet to someone else’s?
Welcome to the 'Blockchain'. Remember we mentioned the 'ledger' earlier? Well then, you already know what Blockchain technology is. Blockchain is the complete ledger of all transactions that have taken place in that particular ecosystem. Why 'Block' and 'Chain'. In simple terms, a block is a number of transactions done in a short period of time or to a certain Byte. These blocks are then stacked on top of each other creating a chain.
Digital Currency transactions are processed via the Blockchain. The transaction will be entered into the Blockchain, transmitted to a network of computers, confirmed by those computers, and then clustered together into the block, i.e. actioned. Once the transaction has been actioned, it is recorded in a block and is stored on the Blockchain forever.