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Author Topic: newbie question regarding blockchain  (Read 159 times)
danielgold20
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October 05, 2017, 05:53:12 PM
 #1

Hello everyone!
Can someone please explain me what does it mean Block-chain?
I saw you tube video and searched online but still didn't understand
when people say that blockchain is the future how is it the future? is it regarding transfer money ( coins ) or what?
and when people say that the fir has blockchain technology what does it mean?

sorry for the newbie questions but I am still dont understand what does it mean when people say that firm for example have a block chain technology
that its revolution in the world
Thank you!
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ikilledcobain
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October 05, 2017, 06:20:36 PM
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Hello everyone!
Can someone please explain me what does it mean Block-chain?
I saw you tube video and searched online but still didn't understand
when people say that blockchain is the future how is it the future? is it regarding transfer money ( coins ) or what?
and when people say that the fir has blockchain technology what does it mean?

sorry for the newbie questions but I am still dont understand what does it mean when people say that firm for example have a block chain technology
that its revolution in the world
Thank you!

This is my favorite YouTube video on the subject:
https://youtu.be/bBC-nXj3Ng4

I think it does a good job breaking it down without being overly technical.

Basically, you can think of it as a de-centralized public accounting ledger.

john2231
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October 05, 2017, 07:12:18 PM
 #3

For additional information about blockchain you can also watch this to easily understand about the blockchain..
Check here https://www.youtube.com/watch?v=r43LhSUUGTQ

Additional you can read it in wiki here https://en.wikipedia.org/wiki/Blockchain

The other people treating bitcoin is a future money not a blockchain .
Bitcoin is use as money to buy services or buy something online.. And bitcoin is gradually accepting locally like in japan they are now legalized bitcoin and accepting it locally.. There are other country are  accepting bitcoin as payment like paris and brazil and other country that developing bitcoin.
That is why they are called it future money bitcoin is getting more popularity and more people are using it since its decentralized all of us who mine it who handle bitcoin.

HabBear
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October 06, 2017, 04:59:57 AM
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This is a simple answer, no need for links.

Blockchain literally refers to the chain of blocks that confirm transactions over the distributed ledger of transactions. The confirmed transactions are grouped in blocks. Miner's rewards are also based off of each completed block.

LarsG1980
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October 06, 2017, 07:21:36 AM
 #5

nice video  Smiley Thanks for that!
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