What technology is used to create ownerless Bitcoin? – A Simple Explanation

The first information about blockchain technology was revealed by an Internet user named Satoshi Nakamoto.
Yeniavaz.com reports that in 2009, Satoshi Nakamoto launched Bitcoin, a blockchain-based cryptocurrency, which was the first real-life application of blockchain technology.
However, it is still unknown who the Internet user named Satoshi Nakamoto is in real life. Since 2011, he has completely disappeared from the Internet. For this reason, it is unknown who or what created blockchain technology and Bitcoin.
It should be noted that although blockchain technology was created along with Bitcoin, this system was later used in banking, document management, voting, and many other areas.
Although everyone knows about Bitcoin, very few people know what it is and how blockchain technology works in general.
Blockchain technology can also be considered a digital registry. The difference between blockchain and other digital ledgers is that the data is not collected in a single database and no one can change this data. A blockchain-based database is connected to millions of computers at the same time. When new information is entered into other media where it is available, corresponding records are made regarding this information. For example, when you buy or sell a new bitcoin, this information should match the information about other bitcoins available in the world.
Blockchain, in simple terms, is like a digital ledger. All records (information) entered into this book are stored in sequential order, cannot be changed and are publicly available.
Imagine a group of people maintaining a large shared ledger (blockchain). Every time someone sends money to someone else, this transaction is recorded in the ledger. But no one can delete or change the records in this ledger. Only new transactions can be added.
Or imagine that you are placing dominoes. Each new stone is placed on top of the previous one. If you try to remove the stone from the middle, the whole system will collapse. Blockchain works in a similar way - each block of data is linked to the previous blocks. If someone wants to change the block in the middle, it will affect all the blocks in the system, and it will be impossible.

Elnur Ali