Describe the blockchain in one sentence

[lautantepi]

Usually serves as a permanent public record of all transactions included in a valid mined block, But more than that, all nodes broadcast blockchain to each other.

[1714243747]

1714243747

[1714243747]

1714243747

[1714243747]

1714243747

[jemerson1420]

blochain the partner of currency or bank.

[TheBraveDesolator]

Technical:

Blockchain is an immutable and sequenced data structure that uses hashing algorithm.

Layman:

Blockchain is a technology used by cryptocurrencies to store transaction data in a very secured manner.

[jpnl0008]

The blockchain is a public, authenticated, write once ledger of transactions, providing transparency by being public, authentication via cryptography and security by being unmodifiable.

[mriansa]

I get asked alot about bitcoin and how the blockchain works by friends and family who are interested and I can never give a straight answer.

What do you guys tell your friends and how would you describe the blockchain in one sentence/paragraph?

Tom

it seems that I can not describe bitcoin in just 1 sentence, but in general bitcoin is a digital currency that can be used for one of the payment methods when you buy something in the world of internet or real that can use bitcoin as payment.

[Fire316]

   Decentralized and freedom because bkockchain is designed as a decentralized technology that use in global network computers to manage the database that records bitcoins transactions.

[mohor]

Just the actual blockchain and no point out of bitcoin or anything else? I wager sincerely put it is a decentralized virtual public ledger however that does not without a doubt tell a layman much about it to be honest.

[queenlaurel]

Bitcoin is the future and we gradually moving onto the future, it's also transparent, open, profitable and free for all who are interested.

[Cookie Man]

Blockchain is a secure platform upon which Decentralizwed transactions and public ledger is displayed

[itsik78]

blockchain is a technology.to explain to friends more clearly, I always put in the example of the program utorrent.The principle of this program is more clear to tell briefly what it is

[primarydumz]

Blockchain is a public, authenticated, online ledger that tracks and verify every time the virtual money (cryptocurrency) is used on it.

[mrben77]

Blockchain is a completely new way of transferring money without the participation of traditional banking networks, as well as the image of data storage in a transparent and unchanged form.

[electronus]

A blockchain (block chain) is a distributed database that does not have storage devices connected to a shared server.

[Stavr1992]

Block (a chain of blocks) is a distributed database, in which storage devices are not connected to a shared server, this database stores an ever-growing list of ordered records called blocks.

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[cryptman77777]

The blockchain is an entirely new way of transferring money without the involvement of traditional banking networks, as well as the way data is stored in a transparent and unchanged form.

[whoisyourking]

I get asked alot about bitcoin and how the blockchain works by friends and family who are interested and I can never give a straight answer.

What do you guys tell your friends and how would you describe the blockchain in one sentence/paragraph?

Tom

Block chain is huge source of big bucks.

This is realy works for me if someone asking me the same question. I am saying thag bitcoin is just a part lf the chain and the blockchain is the one who make transaction easy, annonimouslly and transparently.

[fishball]

I get asked alot about bitcoin and how the blockchain works by friends and family who are interested and I can never give a straight answer.

What do you guys tell your friends and how would you describe the blockchain in one sentence/paragraph?

Tom

Blockchains are records or what you call ledger in accounting that keep all the transactions being done.

[berrieswithwine]

A blockchain is an immutable (unchangable), decentralized open ledger.

[SPQR_Legionnaire]

It's also called DLT for distributed ledger technology, and that's it in its most basic form.

[LKing]

A blockchain is a decentralized network with a memory.