Bitcoin Forum

Other => Beginners & Help => Topic started by: sunil_ad on May 21, 2018, 04:21:06 PM



Title: Blockchain Mechanism
Post by: sunil_ad on May 21, 2018, 04:21:06 PM
I am all new here. I am interested in getting some pointers to learn the mechanism of the blockchain.
i.e. how it functions.
Thank you all


Title: Re: Blockchain Mechanism
Post by: seoincorporation on May 21, 2018, 05:32:56 PM
I am all new here. I am interested in getting some pointers to learn the mechanism of the blockchain.
i.e. how it functions.
Thank you all

You will find some good resources in the Bitcoinwiki: https://en.bitcoin.it/wiki/Main_Page
There are some good books in there to download, like "Mastering Bitcoin", by Antonopoulos: https://en.bitcoin.it/wiki/Mastering_Bitcoin


Title: Re: Blockchain Mechanism
Post by: MintDiceSupport on May 21, 2018, 08:30:15 PM
Blockgeeks are a great resource. They do a fairly good job at breaking down rather complex and abstract concepts into beginner guides. Check out their blockchain guide: https://blockgeeks.com/guides/what-is-blockchain-technology/

Hope this helps. It's a difficult concept to wrap your head around in one day, keep doing your own research. Just fyi this forum has covered this topic numerous times, use the search option.


Title: Re: Blockchain Mechanism
Post by: Brangos99 on May 22, 2018, 04:31:18 AM
The blockchain mechanism, in the financial system, to ensure that no money is lost, all transactions are recorded in the ledger. Each financial institution must have a ledger that will ensure that the amount of money entered and exit is recorded correctly. In digital payment platforms, such as paypal, which involve a number of different financial institutions, is the person responsible for recording any transactions that are bypassed. That's how the blockchain mechanism is for me.


Title: Re: Blockchain Mechanism
Post by: Cordenne on May 22, 2018, 09:33:38 AM
I am all new here. I am interested in getting some pointers to learn the mechanism of the blockchain.
i.e. how it functions.
Thank you all

A Blockchain is a digital ledger in which transactions and data (ie: smart contracts etc) are recorded publicly and chronologically. Its like a spreadsheet that is copied thousands of times across a network of computers and that this network is designed to regularly update the spreadsheet. It cannot be controlled by any single entity and is transparent and incorruptible. The implementations of Blockchains are limitless.


Title: Re: Blockchain Mechanism
Post by: Quesito on May 22, 2018, 10:59:54 AM
I am also new here,what I am doing right now is reading and educating myself first.I have already a little knowledge.Thanks for the link provided here.