What does “Immutable” mean?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Are you also tired of hearing those technical, hard to understand terms that blockchain insiders use all the time? So are we. And one of those often mentioned terms is “immutable”. Insiders will say things like: a blockchain is a so-called “immutable ledger”.

But don’t get frustrated. It’s very easy to translate: Immutable just means that something can not be changed.

Think of blockchains like a transaction history that is saved on thousands of computers. Because of that, and because blockchains have mechanisms in place to prevent bad actors from altering them, they are essentially unchangeable.

This means: You can see every single thing that ever happened, and you can trust that the information is correct. Refreshing in times where we seemingly can’t agree on all that many things these days, isn’t it?

And why don’t crypto insiders just say “unchangeable”? Beats us too. Maybe it makes them feel smarter. But don’t be frustrated – a lot of the tech talk is easier to understand than it seems, and we are here to teach you. One building block at a time!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.