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Title: Blockchain Post by: kitkitkit on August 05, 2018, 06:46:32 AM What is the simpliest explanation about blockchain?
Title: Re: Blockchain Post by: Srujan007 on August 05, 2018, 07:02:28 AM Blockchain is basically a network of computers called nodes which all have same history of transactions. So instead of one company or a database which holds all the information, now the information is spread across whole of the network. Whenever a transaction occurs, that is validated by everyone and is put ahead in that history of transactions in that network. And it's tamper proof.
Title: Re: Blockchain Post by: kitkitkit on August 05, 2018, 07:26:03 AM Blockchain is basically a network of computers called nodes which all have same history of transactions. So instead of one company or a database which holds all the information, now the information is spread across whole of the network. Whenever a transaction occurs, that is validated by everyone and is put ahead in that history of transactions in that network. And it's tamper proof. Therefor, all of the transactions made will be part of the blockchain? |