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Author Topic: [2016-09-19] Blockchain: The smart person's guide  (Read 215 times)
Karartma1
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September 20, 2016, 06:38:14 AM
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The blockchain is powerful technology that enables Bitcoin, Litecoin, Dogecoin, and other virtual currencies to be open, anonymous, and secure.

The code also empowers countless innovations beyond cryptocurrency. The blockchain is a database of details about every Bitcoin transaction. Often referred to as a "public ledger," the log contains metadata about when and how each transaction occurred. The ledger is publicly accessible through APIs and torrent sites. To prevent tampering with current and past transactions, the database is cryptographically secured. Encryption allows developers to trust the transaction history and build applications from and around transaction information.

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http://www.techrepublic.com/article/blockchain-the-smart-persons-guide/

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Carlton Banks
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September 20, 2016, 10:25:32 AM
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The ledger is publicly accessible through APIs and torrent sites.

No, that's completely and totally wrong.

Encryption allows developers to trust the transaction history and build applications from and around transaction information.

Also wrong, the only encryption in Bitcoin is not applied to it's blockchain at all.


If you want to appear like a "smart person" in relation to blockchain tech, this guide clearly isn't going to do it for you.

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Karartma1
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September 20, 2016, 02:58:19 PM
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The ledger is publicly accessible through APIs and torrent sites.

No, that's completely and totally wrong.

Encryption allows developers to trust the transaction history and build applications from and around transaction information.

Also wrong, the only encryption in Bitcoin is not applied to it's blockchain at all.


If you want to appear like a "smart person" in relation to blockchain tech, this guide clearly isn't going to do it for you.

I simply posted the article as it is: I did not want to put my personal remarks (as I usually do).

I agree with you. Sadly, this is the kind of info we get.

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September 20, 2016, 05:33:56 PM
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I simply posted the article as it is: I did not want to put my personal remarks (as I usually do).

I agree with you. Sadly, this is the kind of info we get.

Indeed. If the headline hadn't included the word "smart", I might have let it slide, but we can't have glaring mistakes masquerading under that description, not here.

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