It not might be a phrase but I would say that "Decentralized & Transparency". Actually I do love on whats being said about governments weakness.hehe
We know on how blockchain technology works and now its been gradually adopted in some sectors but they should embrace when it comes to decentralization and transparency,
Topic: How would you define Blockchain Technology in a single phrase? - page 3. (Read 614 times)
I think the true definition should be based on what early Bitcoin Blockchain was like or the principles behind Bitcoin Blockchain. This is one of the ways to understand what the creator of Bitcoin Blockchain wants. Bitcoin whitepaper and satoshi forum/online posts will give you some ideas of what he want a Blockchain to be like.
He clearly doesn't want centralized "Blockchain". He clearly wants something that can stand without central powers. He clearly wants transparency and to escape a repeat of 2008 financial crisis.
He clearly doesn't want centralized "Blockchain". He clearly wants something that can stand without central powers. He clearly wants transparency and to escape a repeat of 2008 financial crisis.
"Government's weakness?" lol.
Decentralized recording of financial transactions, can't agree with it since blockchain technology isn't really for financial only or any money-related things. There are many innovative inventions already that are existing in this world that used blockchain technology. We all know that modification of data in the blockchain technology is very impossible, which means it doesn't lead to manipulation.
Generally, blockchain technology is what we called the most secured database of all where even an inventory of a company can implement this advanced technology. I've already read a lot of its innovative creations using blockchain and it makes me realize that through blockchain, we can get a better future.
Decentralized recording of financial transactions, can't agree with it since blockchain technology isn't really for financial only or any money-related things. There are many innovative inventions already that are existing in this world that used blockchain technology. We all know that modification of data in the blockchain technology is very impossible, which means it doesn't lead to manipulation.
Generally, blockchain technology is what we called the most secured database of all where even an inventory of a company can implement this advanced technology. I've already read a lot of its innovative creations using blockchain and it makes me realize that through blockchain, we can get a better future.
Voted for “Decentralized recording of financial transactions”
I Think it doesn't capture everything that what blockchain means, but in a sense, I like that phrase because of the transparency of transactions that are recorded on the chain, and everything is correct and could be looked up by anyone who wants to check. Since cryptocurrencies are for transactions, peer to peer, it's appropriate to call it that.
I like how Coin_trader casually says his own definition. Lol.
I Think it doesn't capture everything that what blockchain means, but in a sense, I like that phrase because of the transparency of transactions that are recorded on the chain, and everything is correct and could be looked up by anyone who wants to check. Since cryptocurrencies are for transactions, peer to peer, it's appropriate to call it that.
I like how Coin_trader casually says his own definition. Lol.
"Blockchain Technology" in a single phrase = "Bullshit Bingo". 
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A mass destruction weapon for traditional banking system(AKA rothschild dynasty).
Most of the people had their first encounter with blockchain technology only after they started using cryptocurrencies like Bitcoin. Many of the crypto users are still buying/selling or investing in cryptocurrencies without having slightest idea about what blockchain technology is and how it works.
In my opinion, every forum member should learn and understand about blockchain technology and thereafter contribute to this decentralized revolution by building something new. Why should we all stop at Bitcoin, right?
But more importantly, I want to know how you guys treat Blockchain Technology. The answer to this very specific question will determine what the future of blockchain tech will be. So vote in the poll. If you have any other definition then feel free to elaborate in a reply.
In my opinion, every forum member should learn and understand about blockchain technology and thereafter contribute to this decentralized revolution by building something new. Why should we all stop at Bitcoin, right?
But more importantly, I want to know how you guys treat Blockchain Technology. The answer to this very specific question will determine what the future of blockchain tech will be. So vote in the poll. If you have any other definition then feel free to elaborate in a reply.
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