I want to invest in BTC but I do not know much about blockchain. Reading on the web is a lengthy explanation and hard to understand.
My friends told me that in order to invest in BTC I need to know about blockchain.
I think if you want to invest in btc you don't need to study deeper about blockchain. not unless you want to make one. all you need is the knowledge about trading and of course, the skills of profiting inside the cryptomarket exchange (when to sell, when to buy, etc). but just to give you a simplified knowledge about bc, from the word itself, it is a chain of blocks. it records transactions (anything with a value such as money, property, etc..) between 2 parties. or they call it pier2pier transaction. a block is a collection of data or records. it is chronologically arranged, readable by the public and once the data is registered, customizing or tampering it is almost impossible to do. there are 3 basic things inside the block. the Data itself, Hash(overall identification of the blocks and all of its contents. It is always unique), and previous hash. it basically works like this... let's say "sample1" is your 1st block, "sample2" is 2nd block, "sample3" is your 3rd block and so on. each block contains a)data, b)hash and c)previous hash.
sample1
a) data
b)s3qdfj (hash)
c)0 (since it is genesis block or new block)
sample2
a) data (new data is registered)
b) das3ka (hash/new block name)
c) s3qdfj (previous hash) (notice it calls the attention of your 1st block)
sample3
a)data (new data is registered)
b)jwk4j (hash/new block name)
c)das3ka (previous hash) (calling your 2nd block)
........ the new hash will always refer itself to the previous hash in order to be verified. once it is verified, it will be given a new hash name to be chain to the next block that will be created.
i hope it helped you somehow... cheers