One issue that i am often faced with when talking about bitcoin and blockchain, is "What is blockchain"? My answer really depends on the audience and how i explain it to them. I really want people to get excited about it, but trying to explain what a nonce is or SHA256 doesnt really relate well to everyone. So ive came across this example that pretty much sums it up in layman terms
"Think of it this way...The blockchain is like a google spreadsheet that can reside on the desk of officials who need to reference it, in the field on a mobile device of workers who need to input data and regular citizens who just want to maintain a copy of it. None of these parties own it which makes it distributed and its peer to peer meaning anyone can access it. Its immutable, meaning no one can change it."
Interested to see what you all are using.
Topic: Can you explain what blockchain is in less than 100 words? - page 2. (Read 647 times)
Jump to: