Post
Topic
Board Beginners & Help
Re: Can you explain what blockchain is in less than 100 words?
by
decryptionary
on 10/12/2017, 02:34:04 UTC
Yep check this out, 99 words:

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record anything, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after another, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by a large group of unrelated individuals and their computers, making it cloud storage on steroids. Updates are immediate and manipulation is extremely difficult.

It comes from my website, Decryptionary.com - The simplest crypto and blockchain dictionary.

It also includes easy visual walkthroughs and word lists by subject.