• scholareum posted an update

    10 months, 1 week ago

    CRYPTOCURRENCY : The Story of Asha’s Digital Coins

    Asha loved baking cookies. Her friends often wanted to buy them, but they didn’t always have cash. One day, Asha thought, “What if I make my own coins for trading cookies?”

    She made shiny paper coins and gave one to each friend who bought a cookie. Her friends loved it, but there was one problem: some friends started making fake coins. Asha couldn’t trust the coins anymore.

    Then her tech-savvy cousin, Ravi, said, “Why not make digital coins instead? They’ll be stored on the internet, and only you can create them. No one can make fakes because the coins will have secret codes to prove they’re real.”

    Asha liked the idea. Her friends could now use these digital coins to buy cookies, and she could send them coins on her phone. The coins didn’t belong to any bank or shop, only to Asha and her friends.

    Everyone started calling her coins “CookieCoins,” and soon, they used them for trading other things like toys and books too!

    This is what cryptocurrency is like! It’s digital money that’s safe, can’t be faked, and doesn’t belong to any bank—it belongs to the people who use it.