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Author Topic: Newbie query  (Read 170 times)
MegUsta
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September 01, 2018, 06:56:44 PM
 #21

Blockchain is a digitized, decentralized, and the public ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks; usually the most recent transactions are put down and added to it in a chronological order. It gives authorizations to market participants to monitor digital currency transactions without central record keeping.  Every computer connected to the network gets a copy of the blockchain, and by default it downloads the copy automatically.

Blockchain is not bitcoin. Blockchain is just the main technological innovation of bitcoin, same as with other cryptocurrencies.
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petyang12
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September 01, 2018, 07:51:10 PM
 #22

That's easy. You suggest he reads the threads on Bitcoin Talk. Smiley
And ask questions afterwards if he/she did not fully understand what blockchain is to clarify his/her questions about blockchain to the pro out there.
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September 02, 2018, 08:14:35 AM
 #23

Blockchain is a network that is supported by users that mine tokens, without any servers. When all coins will be mined, as I see, the network won't work.
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