Bitcoin Forum
May 30, 2024, 04:21:41 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Blockchain 101 - An amateur understanding for everyone new to Blockchain  (Read 153 times)
CryptoHaris (OP)
Jr. Member
*
Offline Offline

Activity: 32
Merit: 1


View Profile
October 03, 2018, 06:54:24 AM
Last edit: March 24, 2020, 06:34:33 AM by CryptoHaris
 #1

.
Suckerpunchman
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile WWW
October 03, 2018, 09:54:03 AM
 #2

Miners are like accountants that verify the transactions. And as accurately pointed out blockchain does eliminate the need for middlemen not only this it also solves the double spending problem. The fact with blockchain is that the original file is used and not a copy which because currently our internet works on those principles so when you download a file it is a copy and never the original.
Thought maybe the above might help elaborate a little more on the topic.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!