Quote from: Vsamuel on July 14, 2018, 12:22:01 PM

but then, i have also some across certain sayings like Blockchain 1, Blockchain 2, and Blockchain 3.

I've never heard anyone refer to blockchain technology as "Blockchain 1", "Blockchain 2", or "Blockchain 3"...can you share where you heard these terms? Give us some context.

Quote from: sugarpie2018 on July 14, 2018, 12:11:54 PM

How?[/b]
Blockchain is basically an accounting system developed purposely to keep accurate and transparent records of a distinct desirable digital currency (Bitcoin). therefore one can say because of Bitcoin, Blockchain was developed. Right?

This is a decent explanation, however blockchain technology (or distributed ledger technology) can enable much more than accounting for digital currencies.

Blockchain technology also:

Provides the infrastructure for transactions of information to occur, securely - that information can be almost anything
Provides the cryptographic security layer that makes the system impossible to hack
Provides transparency into transactions
Can be used in a centralized or decentralized format depending on developer and market preference