A
‘Blockchain’ is sort of like that piece of paper in a checkbook that allows you
to keep track of everything. The NEM ‘Blockchain’ keeps track of how much was
spent, with whom, on what day, and even keeps track of the exact time. Now
imagine if everyone in the world shared a piece of paper like this. It has
everyone's spending on it. If you make changes everyone can see it, but you can
only make changes if everyone agrees that this change actually happened.
Everyone, at any time, can look at it and check to make sure it's right. Now,
we all agree that this piece of paper is right. Usually, 'Blockchains' keep
track of who owns what money and when it
is moved around. In NEM, this is still true - but NEM also keeps track of other
kinds of things.
NEM
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