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Topic: Still confused with Blockchain (Read 145 times)

member
Activity: 238
Merit: 38
March 03, 2018, 03:13:34 PM
#3
until now I'm still confused about blockchain, does the blockchain run automatically, or is there a controlling party ?. if eg automatic anyway, surely there is the creator/inventor, who is the inventor? , surely he knows more deeply about blockchain, or maybe he can control it.

Blockchain is a simple ledger, that was made to function in decentralized environment. It runs automaticly with the help of nodes and miners. Nobody knows who exactly is or what is Satoshi Nakamtoto - creator or inventor of bitcoin.

If you want more in depth check out this book Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos, it is available on github: https://github.com/bitcoinbook/bitcoinbook
jr. member
Activity: 462
Merit: 2
March 03, 2018, 03:06:20 PM
#2
until now I'm still confused about blockchain, does the blockchain run automatically, or is there a controlling party ?. if eg automatic anyway, surely there is the creator/inventor, who is the inventor? , surely he knows more deeply about blockchain, or maybe he can control it.

Satoshi Nakamoto. Satoshi Nakamoto is who utilized bitcoin and made its unique reference execution called Blockchain. As a major aspect of the usage, they additionally formulated the principal blockchain database. By outline, the blockchain is a decentralized innovation. ... A worldwide system of PCs utilizes blockchain innovation to mutually deal with the database that records Bitcoin transaction and nodes.
jr. member
Activity: 98
Merit: 9
March 03, 2018, 11:07:31 AM
#1
until now I'm still confused about blockchain, does the blockchain run automatically, or is there a controlling party ?. if eg automatic anyway, surely there is the creator/inventor, who is the inventor? , surely he knows more deeply about blockchain, or maybe he can control it.
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