Summary
• Buildings (Nodes): House data and maintain network operations.
• People Moving (Transactions): Represent data being transferred across the network.
• Roads (Network Infrastructure): Enable communication between nodes.
• City Council (Consensus Mechanism): Facilitates agreement on new development.
• Construction Workers/Inspectors (Miners): Validate and add new blocks to the blockchain.
• Security Systems (Cryptography): Protect data integrity and privacy.
• Public Records Office (Distributed Ledger): Keeps an immutable record of all transactions.
• Automated Systems (Smart Contracts): Execute predefined actions without manual input.
• Community Governance (Decentralization): Empowers all participants equally.
• City Currency (Tokens/Cryptocurrencies): Fuels the economy within the network.
• Tolls and Fees (Gas Fees): Compensate those who maintain and secure the network.
• New Districts (Forks): Allow for innovation and adaptation when consensus can’t be reached.