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Topic: Blockchain - page 2. (Read 388 times)

legendary
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June 30, 2020, 09:10:40 AM
#2
It is best to read it yourself and try to understand what it is about, but the thing is actually very clear if you want to understand only the basics and even a little more than that. In layman's terms, blockchain is a database of all transactions made so far since the first mined block.  Each block of information contains something called a hash, which then connects it to the next block, making a data chain called a blockchain. The information in these blocks is permanent and immutable, which prevents the misuse and creation of fake BTC or fake transactions.

What is interesting is that the term blockchain was not coined by Satoshi himself, but it was coined later probably by those who tried to copy Bitcoin (altcoins makers). Satoshi used the term time chain.

Block chain
jr. member
Activity: 644
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I Love Cryptocurrency
June 30, 2020, 08:54:32 AM
#1

I don't have a good idea about blockchain.
What I need to do to better understand what a blockchain is and how it works. If I follow something well, I will be able to acquire perfect skills about blockchain
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