{"id":9944,"date":"2025-08-22T07:00:34","date_gmt":"2025-08-22T07:00:34","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9944"},"modified":"2025-10-20T07:23:35","modified_gmt":"2025-10-20T07:23:35","slug":"what-is-blockchain-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work","title":{"rendered":"What is Blockchain and how does it work?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#what_is_blockchain\" >What is Blockchain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#blockchain_applications_and_use_cases\" >Blockchain applications and use cases<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#finance\" >Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#healthcare\" >Healthcare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#music\" >Music<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#logistics\" >Logistics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#real_estate\" >Real Estate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#the_superpowers_of_blockchain\" >The Superpowers of Blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#smart_contracts_and_defi\" >Smart contracts and DeFi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#what_is_bitcoin_the_first_blockchain\" >What is Bitcoin? The first blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#bitcoin_advantages\" >Bitcoin advantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/#blockchain_perspectives_and_future\" >Blockchain perspectives and future<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 8<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-2122188988\" class=\"row row-collapse row-full-width align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Hello! Have you heard about that weird new technology? You probably have, and you got the same face you have now. Let\u2019s change that, you need to modernize yourself.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">If your brainy friend comes to tell you that his transaction already has three confirmations, at least you need to know what he\u2019s talking about. But don\u2019t worry! Today we bring you the dummy\u2019s guide.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">We designed this guide for people who want to understand a bit of what this whole technological revolution is about, but without having to become Satoshi Nakamoto. To start, imagine the blockchain as a book, a magic book that everyone can see, but no one can erase. Each page is linked to the previous one, so no one can add a fake page. All the information these pages contain is fully\u00a0<strong>transparent and accessible<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Blockchain<\/strong>, one of the most powerful tools that exist today, still has much to offer. It has completely changed the way we do things, and that\u2019s the reason for all the buzz. Thanks to it, now we have much more\u00a0<strong>privacy and security<\/strong>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-26112\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3.jpg\" alt=\"bitnovo_what_is_blockchain\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-3-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Although you\u2019ve probably heard more about it in the economic field, this technology goes far beyond and spreads into all areas of society \u2014 from music or politics to health and bureaucracy.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Even if this is a dummy\u2019s guide, I\u2019ll give you a fact so you can impress your brainy friend. Something not many people know is that blockchain technology was designed several years ago, back in 1991. Its creators were <a href=\"https:\/\/en.wikipedia.org\/wiki\/Stuart_Haber#:~:text=Stuart%20Haber%20is%20an%20American,%2C%20co%2Dauthored%20with%20W.\">Stuart Haber<\/a> and <a href=\"https:\/\/en.wikipedia.org\/wiki\/W._Scott_Stornetta\">W. Scott Stornetta<\/a> with the paper\u00a0<em>\u201cHow to Time-Stamp a Digital Document\u201d<\/em>. Today, many consider this paper the prelude to blockchain technology. What happened was that it wasn\u2019t until 2008, with the creation of <a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\">Bitcoin<\/a>, that this technology became popular. Voil\u00e0! With that you impress him. Now let\u2019s move to the interesting part.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">By the way, if you\u2019re wondering why it\u2019s important to understand this now, let me tell you it\u2019s like explaining the internet in the 90s, before it changed everything. All I can say is:\u00a0<em>you\u2019re welcome<\/em>. Let\u2019s go with the explanation.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-2122188988\" class=\"row row-collapse row-full-width align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_408929486\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-26111\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-bit-1.jpg\" alt=\"bitnovo_block_chain\" width=\"960\" height=\"480\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-bit-1.jpg 960w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-bit-1-300x150.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-bit-1-768x384.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"what_is_blockchain\"><\/span><strong>What is Blockchain?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Since the goal is for you to understand before Christmas, let\u2019s go straight to the point. What is blockchain? Well, imagine that you and your friends have a shared note on your phone where you write down who owes money to whom after going out for dinner. However, there\u2019s something peculiar about these notes: once you write something down, it can\u2019t be deleted or changed. And if you\u2019re thinking about erasing something to avoid paying, don\u2019t even try \u2014 everyone has an exact copy of those same notes.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Blockchain works similarly, only in a more technological way. It\u2019s a shared, digitized record that cannot be changed once a transaction has been recorded and verified. It\u2019s like a giant puzzle in which each block (a puzzle piece) has information and is connected to the previous and next block. In this way, an unbreakable chain is created.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">And how does it work? Through the creation of a distributed ledger that allows the formation of a network of computers. You don\u2019t even need a central database or cloud storage. Everything that advances in the chain comes from consensus among the participants of the network.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-26115\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1.jpg\" alt=\"bitnovo_blockchain_nodes\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/libro-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Why is it called a\u00a0<strong>blockchain<\/strong>\u00a0and not just a\u00a0<strong>book<\/strong>? In this giant ledger, all transactions and records are written in interconnected blocks. Each transaction is like a message that, in order to be sent, needs the approval of several participants (called\u00a0<strong>nodes<\/strong>).<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>In summary, three key terms:<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Block<\/strong>: A page of the magic book<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Chain<\/strong>: Immutable connection between pages<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Nodes<\/strong>: The ones who verify that everything is correct and allow records to be written<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Nodes operate under a consensus, meaning either everyone agrees, or the information is not confirmed. The information is encrypted and, in addition, the whole system is\u00a0<strong>decentralized<\/strong>. These three characteristics make blockchain follow the highest security standards.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23531 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1.jpg\" alt=\"bitnovo_smart_contracts\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"blockchain_applications_and_use_cases\"><\/span><strong>Blockchain applications and use cases<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Now that you understand better what this is all about, let\u2019s see what it\u2019s used for. As I mentioned before, if you think blockchain is just about economics, you\u2019re totally wrong. Blockchain is everywhere:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"finance\"><\/span><strong>Finance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The first and most obvious one. You probably think a world without banks is impossible. But not only is it possible, it would be a dream come true. Imagine sending money to any part of the world in seconds without crazy fees. With blockchain you can do exactly that \u2014 it\u2019s like having the World Bank in your pocket.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"healthcare\"><\/span><strong>Healthcare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ever gone to your doctor and they can\u2019t find your medical history? That happens when you\u2019ve had several doctors over a lifetime. With blockchain, your medical data would always be available and safe. In fact, this is already being implemented. The <strong>U.S. Office of the National Coordinator for Health Information Technology<\/strong>\u00a0plans to introduce blockchain-based <a href=\"https:\/\/www.rgare.com\/knowledge-center\/article\/electronic-health-records-is-blockchain-a-good-fit\">infrastructure<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"music\"><\/span><strong>Music<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">It\u2019s no secret that in the traditional system the artist gets the smallest share of the profits. Most of it goes to agencies, commissions, costs, etc. Blockchain allows artists to bypass many intermediaries. This way, royalties are collected and delivered directly in real time to rights holders. Examples include platforms like <a href=\"https:\/\/audius.co\/\"><strong>Audius<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/blog.ujomusic.com\/\"><strong>Ujo Music<\/strong><\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26109\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2.jpg\" alt=\"bitnovo_bitcoin_blockchain\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-2-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"logistics\"><\/span><strong>Logistics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">That morning coffee doesn\u2019t just randomly appear in your cup. It has gone through a long journey, from being grown in Colombia to ending up in your mug. Too bad we can\u2019t see it\u2026 Or can we? With blockchain, every step can be tracked, which companies like <a href=\"https:\/\/www.supplychainbrain.com\/articles\/31800-starbucks-customers-farmers-can-now-trace-their-coffee-with-blockchain\"><strong>Starbucks<\/strong><\/a>\u00a0are already doing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"real_estate\"><\/span><strong>Real Estate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The worst part about buying a house is definitely the endless paperwork and the crazy commissions real estate agencies charge. Imagine buying a house as easily as you shop on Amazon. Blockchain enables <strong>smart contracts<\/strong>\u00a0that trigger purchases automatically if certain conditions are met.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"the_superpowers_of_blockchain\"><\/span><strong>The Superpowers of Blockchain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Now let me convince you with 5 arguments why blockchain is your superhero in a world full of outdated traditional systems:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Immutability. <\/strong>Blockchain is an unbreakable seal. Once something is written, it cannot be removed or edited without being noticed. Just like trying to remove a wax seal from a letter \u2014 you can\u2019t.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Decentralization. <\/strong>There is no \u201cBig Brother\u201d watching and controlling. It\u2019s basically a digital democracy where everyone has a voice and a vote.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Transparency. <\/strong>Blockchain is clearer than Fiji water. Everything is visible and available to anyone who wants to see it.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Efficiency. <\/strong>Without banks or intermediaries, speeds multiply and costs drop. You skip the line and go straight to self-checkout. On top of that, you save the cashier\u2019s salary.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Security. <\/strong>Any data you store on the blockchain is safer than your country\u2019s presidential vault. It\u2019s practically impossible to hack.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26116\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-1-1.png\" alt=\"bitnovo_blockchain_uses\" width=\"1037\" height=\"518\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-1-1.png 1037w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-1-1-300x150.png 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-1-1-1024x512.png 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-1-1-768x384.png 768w\" sizes=\"(max-width: 1037px) 100vw, 1037px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26117\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-2-1.png\" alt=\"\" width=\"1035\" height=\"517\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-2-1.png 1035w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-2-1-300x150.png 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-2-1-1024x512.png 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/blockchain-2-1-768x384.png 768w\" sizes=\"(max-width: 1035px) 100vw, 1035px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"smart_contracts_and_defi\"><\/span><strong>Smart contracts and DeFi<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div id=\"row-1416449939\" class=\"row row-collapse row-full-width align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Let\u2019s continue with blockchain context. Can you imagine a coffee machine charging you automatically when it finishes serving your coffee? That\u2019s basically a\u00a0<strong>smart contract<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Smart contracts work like vending machines: you insert a coin, choose a drink, and automatically get it. But instead of drinks, they can execute agreements for houses, insurance, or any deal, as in the examples before.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Imagine you want to rent an apartment. Normally, you\u2019d need a real estate agency (that would take a hefty fee), deposits, signatures, waiting times\u2026 With a smart contract, it all happens automatically: you pay the first month, the contract activates itself, and you get your digital keys. If you don\u2019t pay the next month, the contract cancels automatically. It\u2019s like having a super-efficient robot managing everything for you.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26113\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1.jpg\" alt=\"bitnovo_blockchain_benefits\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/definitivamente-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Smart contracts go hand in hand with\u00a0<strong><a href=\"https:\/\/www.bitnovo.com\/blog\/que-es-defi\/\">DeFi<\/a> (Decentralized Finance)<\/strong>. Imagine being your own bank: lending money to yourself, earning interest without intermediaries, and exchanging currencies without absurd fees.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Did you know that in DeFi you can earn way higher interest rates on your savings than in any traditional bank? Some platforms offer up to\u00a0<strong>20% annual returns<\/strong>\u00a0while your bank barely gives you 0.1%, if you\u2019re lucky.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_is_bitcoin_the_first_blockchain\"><\/span><strong>What is Bitcoin? The first blockchain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Continuing with what is undoubtedly the most important chapter of this guide: what is <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin\">Bitcoin<\/a>? <a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\">Bitcoin<\/a> is like the legend of all cryptocurrencies. It\u2019s the oldest, but still the most PRO. The pioneer that opened the path for everything that followed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26118\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3.jpg\" alt=\"bitnovo_blockchain_decentralization\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/audius-3-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">And this was no easy task. Remember the 2008 crisis? Brutal, right? Now imagine launching a global financial network in that context. Bitcoin did it. Satoshi Nakamoto suddenly revealed it all \u2014 all except his identity. To this day we are still looking for him, but that\u2019s another story. The fact is he decided to create a currency free from government or bank control. This is how it happened:<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Bitcoin Timeline:<\/strong><\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">2008: Satoshi publishes the Bitcoin whitepaper<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">2009: The first Bitcoin is mined<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">2010: A guy buys 2 pizzas for 10,000 Bitcoins (worth millions today \ud83e\udd2f)<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">2017: Bitcoin reaches $20,000<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Today: Bitcoin is worth more than $100,000 and rising. (Pizza guy\u2019s face \ud83e\udd21)<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Bitcoin was groundbreaking because it was the first time in history we had\u00a0<strong>digital money<\/strong>\u00a0without relying on a central bank. It was, and still is, like sending an email \u2014 but instead of words, you send money.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26114\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1.jpg\" alt=\"bitnovo_blockchain_future\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/historia-btw-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">This is where you need to understand one concept:\u00a0<strong>decentralized protocol<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Imagine a party with no official host. The guests aren\u2019t working for one person to have fun (say, Pepe), they\u2019re working so everyone enjoys themselves. Each contributes something \u2014 music, food, games. There is no boss, yet everything works because all follow the basic rules. That\u2019s decentralization in Bitcoin.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">To illustrate it better:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Traditional bank:<\/strong>\u00a0Like an exclusive club with a strict bouncer who decides who gets in and uses your drink while you\u2019re gone to sell it to others.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Decentralized Bitcoin:<\/strong>\u00a0Like a public square where everyone can join under the same simple rules. What\u2019s yours is yours, and no one can touch it.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26110\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1.jpg\" alt=\"bitnovo_blockchain_history\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/banco-trad-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"bitcoin_advantages\"><\/span><strong>Bitcoin advantages<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">By now you probably guessed some, but here\u2019s a quick list of what Bitcoin has to offer:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Total transparency. <\/strong>All transactions are public. Like a giant ledger that everyone can review, but without knowing who\u2019s who.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>No intermediaries. <\/strong>Like handing someone cash, but digitally. No need for banks to approve, process or charge fees.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Security. <\/strong>The Bitcoin network has never been hacked in 15+ years of existence. Far safer than traditional banks.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Limited digital gold. <\/strong>No one can \u201cprint\u201d more Bitcoins like governments print money. There will only ever be 21 million.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Global. <\/strong>You can send BTC anytime, anywhere, worldwide.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Available 24\/7. <\/strong>Bitcoin never sleeps, never takes holidays, never closes on weekends. It works 24\/7, 365 days a year, worldwide.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23532 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1.jpg\" alt=\"bitnovo_web3_blockchain\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1.jpg 1920w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/blockchain-2-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"blockchain_perspectives_and_future\"><\/span><strong>Blockchain perspectives and future<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">What we once thought was a distant future is already here \u2014 it\u2019s our present. Still, blockchain keeps innovating, and new breakthroughs are coming soon. It\u2019s better to stay informed and ready.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">\ud83d\ude80\u00a0<strong>Upcoming Innovations:<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Web3 \u2013 The Next Generation Internet: <\/strong>Imagine an internet where you truly own your data, no one can censor you, and each interaction generates value. Like going from being a tenant to owning your digital house.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>NFTs and Digital Ownership: <\/strong>Already here, but still evolving. You could own real assets in video games, digital art, even your username on social media. Like collecting figurines, but digital.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Smart Cities. <\/strong>Imagine traffic lights communicating with each other to improve traffic flow, or water meters that automatically detect leaks, or voting from your couch. Blockchain is entering more aspects of daily life each day \u2014 so keep learning about it!<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">We are living through a revolution similar to when the internet appeared. Those who understood the internet early benefited way more than the rest. Blockchain today is in that same early stage.\u00a0<strong>Will you miss it?<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 8<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Those who know well what blockchain is and how it works, know the value that this technology brings to all fields of society.<\/p>\n","protected":false},"author":12,"featured_media":8364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9944"}],"version-history":[{"count":15,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9944\/revisions"}],"predecessor-version":[{"id":26298,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9944\/revisions\/26298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8364"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}