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Author Topic: What Is A Blockchain  (Read 1417 times)
Btcshawn2017
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May 24, 2018, 08:36:29 PM
 #201

Blockchain is a digital ledger which is responsible for recording every transaction of digital coins like bitcoin and atlcoins in cryptocurrency world.
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jonathancool220
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May 26, 2018, 10:08:48 AM
 #202

can say Blockhcain it is the beginning of its form Bitcoin and transactions are all there, we can see Bitcoin transactions out and the time when Bitcoin run from wallet one to another wallet.

Its core is Blockchain's its soul Bitcoin.
MCM10
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May 26, 2018, 10:34:46 AM
 #203

Blockchain is one technology that does not use a third party in a process of data exchange which in this case occurs in the transaction process, and the system from Blockchain is also not using the third party as the center, but using many parties or computers scattered in the network itself . Blockchain technology also provides many solutions to reduce corruption that many countries currently experience.
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May 26, 2018, 10:37:44 AM
 #204

Hey guyz
I am complete noob in crypto. I need to know what is a blockchain? How to use it and what if it goes offline? What affects it will occur on bitcoin.

I have tried understanding it but it looks very complex There may be a simpler way to understand it guys

Thanks for the help


Blockchain is the basis of the bitcoin digital currency. Here's an explanation of what the differences are both.
dillpicklechips
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May 26, 2018, 10:54:18 AM
 #205

Blockchain is a decentralized technology it is open and distributed that is continously growing list of records which is called blocks. This is digital ledger made in bitcoin that manage the database of transaction between two parties it is recorded chronologically and publicly.

judel_2018
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May 26, 2018, 11:09:57 AM
 #206

The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym,  Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?“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.”
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin,  (Buy Bitcoin) the tech community is now finding other potential uses for the technology.

Blockchain is a decentralized technology that all transaction made another cryptocurrencies are all recorded chronologically and publicly.
elachious123
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May 26, 2018, 12:13:23 PM
 #207

Blockchain is a Decentralized technology that utilizes smartcontract that ensure proper working of Cryptocurrencies
websing
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May 26, 2018, 03:20:58 PM
 #208

BlockChain comes from Block and Chain, each of which has its own meaning. Chain (chain) is a unique chain record and is a plot of all consistent stages of an item / transaction. Block (special box) is a place / boundary / special area to accommodate all item / transaction changes that occur during chain process.
Transactions using Blockchain technology are peer-to-peer, in the sense that a data (can be messages, money, or important information) can be moved from one user to another without the help of a third party to process it.
jhonnydeep87
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May 26, 2018, 04:03:35 PM
 #209

Along with the development in digital universe. Crypto currency in the future has become an increasingly attractive proposition in the market and may not have traditional banking infrastructure. Some developing countries in the world have even implemented a Blockchain-based national currency such as bitcoin and the technology is also used by some large charity projects to be able to help those who do not have a bank account. Cool

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semediu
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May 27, 2018, 04:29:44 AM
 #210

BlockChain is an integrated transaction logging technology with modern technology, which has a unique, immutable code that revolutionizes the workings of the Internet, banking and other things.
SingAlong
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May 27, 2018, 04:47:59 AM
 #211

Blockchain is made by bitcoin it  is decentralized, digital,open and public ledger. The role of blockchain is to record and manage the data of transaction between two parties inside bitcoin. It is recorded publicly and secured and links with cryptography.

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rickyNmorty
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May 27, 2018, 05:08:27 AM
 #212

Hey guyz
I am complete noob in crypto. I need to know what is a blockchain? How to use it and what if it goes offline? What affects it will occur on bitcoin.

I have tried understanding it but it looks very complex There may be a simpler way to understand it guys

Thanks for the help
Bitcoin employs the help of blockchain technology. Blockchain technology is a list of records, which in this case is private data of crypyocurrencies, kept and secured using cryptography to ensure high security that no one could be able to tamper. Blockchain technology is mostly known for its help with bitcoin, but it could be applicable to any type of existing technoligy as the innovation and the revolutionary technology would be of much help.

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May 27, 2018, 05:26:59 AM
 #213

Blockchain are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.This makes blockchain potentially suitable for the recording of events, medical records and other records management activities, such as identity management,transaction processing, documenting provenance, food traceability or voting.
Jundel2018
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May 27, 2018, 05:40:15 AM
 #214

Blockchain are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.This makes blockchain potentially suitable for the recording of events, medical records and other records management activities, such as identity management,transaction processing, documenting provenance, food traceability or voting.

Blockchain is a secured database where it is like a ledger. Blockchain is capable for important records such us medical ones because it is safe and secure so it is not easy to tamper by the admin.
ngamuk tok
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May 27, 2018, 06:35:06 AM
 #215

Blockchain is a system that contains interconnected data between a user's computer and another user's computer.
I think for now blockchain system can not be accessed offline, because blockchain can only be accessed via computer and it is not possible you can access offline your computer,
Ozkhan
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May 27, 2018, 07:40:46 AM
 #216

Hey guyz
I am complete noob in crypto. I need to know what is a blockchain? How to use it and what if it goes offline? What affects it will occur on bitcoin.

I have tried understanding it but it looks very complex There may be a simpler way to understand it guys

Thanks for the help
Blockchain is a distributed database system that acts as an “open ledger” to store and manage transactions. Each record in the database is called a block and contains details such as the transaction timestamp as well as a link to the previous block. This makes it impossible for anyone to alter information about the records retrospectively. Also, due to the fact that the same transaction is recorded over multiple, distributed database systems, the technology is secure by design.
setialovers
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May 27, 2018, 08:14:36 AM
 #217

Hey guyz
I am complete noob in crypto. I need to know what is a blockchain? How to use it and what if it goes offline? What affects it will occur on bitcoin.

I have tried understanding it but it looks very complex There may be a simpler way to understand it guys

Thanks for the help

Blockchain is ledger that recording the transaction with block and chain one transaction with others. Thats chain always continue and that creating transparancy on distribution.
Blockchain usefull in any purpose and its almost unhackable because the data spread all around the world

Redhead5
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FOR ENTERTAINMENT INDUSTRY TRANSACTIONS


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May 27, 2018, 08:19:34 AM
 #218

Blockchain is made by bitcoin it  is decentralized, digital,open and public ledger. The role of blockchain is to record and manage the data of transaction between two parties inside bitcoin. It is recorded publicly and secured and links with cryptography.

In simple aspect it is a system that carried out all the transaction being made by two parties. It can be traced easily due to its link with cryptography and the most secured way of creating decentralized ways of bitcoin transaction.

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hualangktsld841
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May 27, 2018, 08:24:05 AM
 #219

If we assume that the database is a book, the reading and writing database can be regarded as a kind of bookkeeping behavior. The principle of block chain technology is to find out the fastest and best person who has the fastest account in a period of time. The person is the person to keep the account, and then send the page information to all the others in the whole system. This is equivalent to changing all records of the database to all other nodes in the whole network, so block chain technology is also known as distributed account.
shakil77
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May 27, 2018, 08:26:44 AM
 #220

it is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

blockchain technology created the backbone of a new type of internet.
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