Introduction to Blockchain Technology

[crabby]

Hi Everyone!

Since we are in an aggressive bull run for Bitcoin, I wanted to provide a brief introduction to blockchain technology to help some of our newer investors get started.

What is Blockchain? How Bitcoin Uses Blockchain Technology

Let me know what questions you have about the article! Looking forward to having everyone join us for the bull run!

[lenhattien]

A lockchain is a public ledger of information collected through a system located on the internet. That is how this information is recorded and gives blockchain the potential to disrupt.
What makes it unique is that there is no central authority in charge of the blockchain file or the data it contains. Instead, each computer keeps its own copy of the file, and any updates require the approval of the majority of the machines inside the system.
Blockchain is made up of "blocks" - blocks, each containing a piece of data. The most recent data is always added at the top of the chain, while the oldest data is placed at the bottom, inside what is known as the "genesis block".

[OcTradism]

There is no lockchain.

The article on What is Blockchain Technology? A Step-by-Step Guide For Beginners

I left the article here but to be honest the topic is not necessary. People can easily find resources on this basic by search engine.

Some resources
[LIST] Institutions offering blockchain courses and programs in the world
Coindesk's Blockchain 101
Jameson Lopp (Bitcoin and Blockchain)
Binance Academy's What is Blockchain

[Subbir]

Blockchain is basically a kind of power that makes bitcoins dynamic facilitates transfers between bitcoins and records all its transactions. In the case of a transaction system remittances or user data can be stolen at any time but the identity is hidden in the blockchain system and the data is constantly updated, so it is impossible to expect theft or corruption. Everything is completed quickly and data collection is much easier. In addition the bank provides all the facilities required to transfer money through its services.

[emmybd]

In simple words blockchain is a digital record of transactions. Blockchains are used for recording transactions made with cryptocurrencies, such as bitcoin, and so on. A blockchain is like a spreadsheet which contains information about transactions. A blockchain spread over many computers, each of which have a copy of the blockchain.
Blockchain technology is very amazing and effective. This technology is so breathtaking that it's difficult to hack, or cheat the system. It's an important digital technology. It's a smart technology and it keeps the documents safe. This technology is based on peer-to-peer topology. This technology keeps every single information about transactions.
Blockchain technology is a pretty secure system. But we can't say that it's 100% safe. It has some defect too.
But overall it's a very fruitful technology and helpful for us.

[Walterhank]

An amazing article, I would love to see more like these. One thing I would say is that maybe could elaborate further on how it has impacted the industries along with the cons of this technology.

[amishmanish]

An introduction to blockchain type of post is mandatory reading these days for any website or product using these technologies. As someone pointed out, there is no dearth of articles, infographics, videos on these topics. It does seem redundant in the present scenario.

It is much better to write product based articles which give the reader a sense of the widespread usage and utility of blockchain. This starts with sharing of your own experiences and experimentation with blockchain. The space has enough generalized content producer. The need of the hour is more product based content.

For me, the special thing about bitcoin's blockchain is the security model of bitcoin despite being decentralized. This is something that is simply not offered by any of the other thousands of chains out there. We should be stressing on this difference as much as we can. Alternate arguments on this are also quite productive.