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Author Topic: Block chain?  (Read 142 times)
Sahalalvi
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January 12, 2018, 02:22:52 PM
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What is block chain?
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CrypticGambit
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January 12, 2018, 02:25:33 PM
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What is block chain?

Hi there I think that you are new:

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

bitperson
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January 12, 2018, 02:26:24 PM
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What is block chain?
https://en.bitcoin.it/wiki/Block_chain

How to ask questions the smart way
When you’re happy with the answers in a thread you have started, please click ‘lock topic’ to prevent spam.
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January 12, 2018, 02:29:58 PM
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This is a “block chain”:



This is a “blockchain”:


ekolet
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January 12, 2018, 02:30:54 PM
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Try youtube.

Satish147
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January 12, 2018, 02:35:01 PM
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Blockchain means decentralised ledger record where there will not be any centralized authority to moniter or to rule like our central Governments and companies which are operating right now.

This is hack proof and most secured due to underlying technology of cryptography

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digdig
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January 12, 2018, 03:15:55 PM
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Blockchain is a very new technology. I explain to you is sure to be long and hard. I think you should find information online for full and accurate updates.
Roland Black
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January 12, 2018, 03:33:06 PM
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BLOCKCHAINis the world's leading software platform for digital assets. Offering the largest production blockchain platform in the world, we are using new technology to build a radically better financial system. Our software has powered over 100M transactions and empowered users in 140 countries across the globe to transact quickly and without costly intermediaries. We also offer tools for developers and real time transaction data for users to analyze the burgeoning digital economy.
chocopie999
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January 23, 2018, 12:37:20 PM
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Blockchain is a mechanism for the sequential development of logs (or blocks) that are interconnected and secured by encryption. Each log block will contain a hash code that reflects the data of the block before it, so that blockchain becomes a secure technology.

To visualize a blockchain like an accounting diary in digital, it is possible to actually execute transactions between two partners effectively. Blockchain is resistant to data changes when a blockchain chain is managed by a decentralized network, and when data has been written to a block it can not be changed without making a change. adjacent blocks. In other words, any data change requires the consent of the majority of the network.
Stusha
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January 23, 2018, 02:08:05 PM
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Despite its apparent complexity, a blockchain is just another type of database for recording transactions - one that is copied to all of the computers in a participating network.
SevenSign
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January 23, 2018, 04:05:24 PM
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...wow, so awesome... tnx for the great platforms uv share... no words to say...

U r so great to share this...
kingzpro
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January 23, 2018, 07:37:36 PM
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blockchain is a new technology that is going to revolutionize payments, businesses, services and will help automate thousands of processes in an efficient and transparent manner, so blockchain is a game changer technology.

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January 24, 2018, 02:56:43 PM
 #13

What is block chain?

Hi there I think that you are new:

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Hi i am also a newbie here.
Samething i want to know what is blockchain, now my question had already an answer after i read these, thank you for this detail and explanation it was very appreciated to me as a new member.

Water_Crane1234
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June 01, 2018, 08:11:08 AM
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A Blockchain is a digital ledger in which transactions made in a cryptocurrency are recorded chronologically and publicly. It elliminates the need for a thrird party such as a bank to process transactions  and is much more secure because of the use of Cryptography when processing these transactions.
Creation-arts.com
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June 01, 2018, 09:29:42 AM
 #15

A Blockchain is a digital ledger in which transactions made in a cryptocurrency are recorded chronologically and publicly. It elliminates the need for a thrird party such as a bank to process transactions  and is much more secure because of the use of Cryptography when processing these transactions.

It's the future!  Grin
Nataly76
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June 01, 2018, 09:48:22 AM
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a blockchain is a database that is stored on multiple computers at the same time. New blocks in this chain-base are created all the time.  Each newly created block contains a group of recently accumulated and ordered records (transactions), as well as a header. When a block is formed, it is checked by other network members and then, if everyone agrees, connected to the end of the chain.
raihan072
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June 01, 2018, 09:56:37 AM
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A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.Blockchain technology is commonly associated with Bitcoin and other cryptocurrencies, but that’s  only the tip of the iceberg. Some people think blockchain could end up transforming a number of important industries, from health care to politics.
nahotachikwem
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June 01, 2018, 11:53:42 AM
 #18

Block chain is the backbone of a new type of internet. The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

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neo444
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June 01, 2018, 01:55:42 PM
 #19

You can know everything you want about block chain in this link https://www.investopedia.com/terms/b/blockchain.asp

aiannejacob
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August 28, 2018, 10:59:37 AM
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i am also newbie here. Your pictorial diagram is easy to understand. I helps me alot. Thnz
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