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Topic
Board Beginners & Help
Re: Who Can Explain Blockchain to 5th Graders?
by
nngella
on 07/07/2018, 02:33:35 UTC
I think here is a basic definition of it with some illustration:


What is Blockchain?

  • It is like a database duplicated thousand of times across a network of computers, in which the network of computers have access to the database at the same time to regularly update the said database;
  • Information are shared (and continually reconciled) throughout the whole network; and
  • Data are accessible to anyone - no centralized version exists for hacker to target to corrupt.

How Blockchain Works?

I think it is wonderfully shown on the picture below:


Source