Do you know what is a blockchain...? - page 2.

book1483

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Quote from: 99bitcoinerlover on July 30, 2018, 06:14:16 PM

It is something in which all the transactions that happens goes through.

The blockchain stores all the transactions, and groups them into blocks. Each block is linked(chained) together through hash functions.
That is why it is call blockchain.

Note that Satoshi Nakamoto does not use the term blockchain in his Bitcoin whitepaper at all. Blockchain is a term later given to the way Bitcoin transactions were being stored. This idea of linking data together through hash functions was first described in a paper from the early 90s. In fact this paper is one of Satoshi Nakamoto's sources he sites in his Bitcoin whitepaper.

99bitcoinerlover

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It is something in which all the transactions that happens goes through.

ClaraFowler44

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And more, Split ledgers allow simple contract coding to be executed when certain conditions are met. Ethereum is an open source blockchain project, built specifically to meet this requirement. However, in the early stages of development, Ethereum has the potential to take advantage of blockchain on a much larger scale like so much.

At the current level of technology development, smart contracts can be programmed to perform simple functions. For example, a derivative transaction may be settled when a financial instrument satisfies certain criteria, with the use of blockchain and Bitcoin technology that allows for automated payments, without human involvement or intermediary witness.

YoutubeChannel007

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I think blockchains are something that deals with the currency transactions.

asevila

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Quote

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

Don & Alex Tapscott, authors Blockchain Revolution (2016)

staineddreserved7

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Don’t know much about it but these are something that record the cryptos.

mbenga

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Quote from: cryptoaro on July 13, 2018, 08:14:54 AM

I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....

The blockchain is the digital and decentralized ledger that records all transactions. Every time someone buys and sells digital coins on a decentralized exchange, a ledger records that transaction.

Rosaleen18

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Quote from: cryptoaro on July 13, 2018, 08:14:54 AM

I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....

Blockchain a digital ledger in which transactions made in cryptocurrency world .

yfaz

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Hey, Blockchain acts as a ledger which contain all records of crypto transactions.
It just a digital Wallet.By which we can check all cryptos transaction in here.

ompoetra

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the simple blockchain is an online global database-which can be used anywhere in the world connected to the internet. Unlike other databases that are usually owned by certain institutions such as banks or governments, Blockchain does not belong to anyone. Make it more transparent because it can be accessed by anyone.

Like a parent ledger in a bank that records all customer transactions, Blockchain also records all transactions the user performs. It's just that, if the parent book only can be seen and checked by the authorities in the bank, then all transactions through Blockchain can be seen by all users. Because the Blockchain information warehouse is permanently stored throughout the network of its users, because the information collected is also distributed to everyone.

dillpicklechips

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Quote from: cryptoaro on July 13, 2018, 08:14:54 AM

I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....

Blockchain is being used in bitcoin it is also made by anonymous person Satoshi Nakamoto. The reason why he created blockchain technology is to record and stored data or informatin and also the transactions that are happenimg inside the bitcoin system. This is a digital ledger that commonly used in business and transaction. Tbis blockchain was protected and secured with cryptograph.

tranthidung

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Farewell o_e_l_e_o

For someone who would like to discover what is blockchain and related terms, there you go:
Available courses on Bitcoin and Blockchain Technology from colleges and Universities
This topic was created by myself as small effort to help newbies with helpful available courses on blockchain technology.

My collection includes both traditional and online courses. You can choose the most relevant ones for your interests and your financial budget.
Of course, most of the courses are free one.
So, you can freely enjoy them!

This 'strange' searching tool can help you to find helpful courses, articles for your own interests:
https://duckduckgo.com/
It's better if you spend your time to find what you want by yourself. It doesn't make sense if I or someone else give you tons of sources, then you won't use them. Undecided

I only give you basic courses and efficient tools for you.
You should use them as most efficient as possible.

tranhieu2799

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Quote from: cryptoaro on July 13, 2018, 08:14:54 AM

I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....

Blockchain is a technology that securely transfers data based on a very complex coding system, similar to a company's accounting ledger, where cash is closely monitored. In this case Blockchain is an accounting ledger operating in the digital domain.
Blockchain owns a very special feature that is the transmission of data does not require an intermediary to confirm the information. The Blockchain system has many independent nodes that can authenticate information without requiring a "sign of trust". The information in Blockchain can not be changed and only be added with the consent of all nodes in the system. This is a high security system against the possibility of data theft. Even if part of the Blockchain system collapses, the computers and other nodes will continue to protect the information and keep the network going.

avivsun

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Quote from: cryptoaro on July 13, 2018, 08:14:54 AM

I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....

Hi

1) I think this is one of the best Blockchain Technology guides you can find in the internet
https://101blockchains.com/ultimate-blockchain-technology-guide/

2) As you are newbie I would suggest not missing the beginner's glossary
https://101blockchains.com/blockchain-definitions/

3) And once you got this 2 you are ready to understand Real World Blockchain Application and Use Cases.
https://101blockchains.com/blockchain-applications/

Hope it helps
Aviv

safonova

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Just a system to record all crypto transactions. That is the most simple explanation but you can see videos for details.

SingAlong

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Blockchain was also made with a mysterious name Satoshi Nakamoto. Blockchain is a public and digital ledger it is commonly used in transaction and business. It is the most trusted all in one in crypto's company. The real usage of blockchain is to record all the transaction inside bitcoin and it is also known as a database it also records information publicly and chronologically. It is a growing list of records that are called blocks. That's why it called blockchain because it looks like a block of chain.

troBelx

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Blockchain is a technology introduced with Bitcoin by one or a group calling itself Satoshi Nakamoto which was originally used to record the financial transactions of bitcoin.

Simple blockchain is a data structure that can not be changed can only be added only. Each data from this blockchain is connected where if there is a change in one of the data block it will affect the next data.

Painbird

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blockcahain is a latest technology what makes life easier by its work.Actually it works as a chain that's how youu can store your information, communicate others, find information easily to make a step easily. So that we can say easily its great innovation that helps you make life easier

Discoperi

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Note to everyone here: please do not use word 'ledger' when you explain the blockchain, especially to non-English-natives, nobody knows that word

Forhadm

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Block chain is a decentralized distributed and public digital ledger that is used to record transaction across many computers so that the record can't be altered retroactively without the alteration of all subsequent blocks and the consensus of The network I think those are blockchain.

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