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Topic
Board Beginners & Help
Re: How would you define the BLOCKCHAIN?
by
pooya87
on 15/07/2018, 03:27:28 UTC
' The blockchain is a global and decentralized ledger that stores information about a transaction and also verifies the data'

it is interesting that all these results from a google search about "what is blockchain" call it a "decentralized" ledger. like this one that you copied from Wikipedia!
well blockchain is simply a chain of blocks which is made using cryptography. it is used in a decentralized manner in bitcoin but from what i understand there is no reason to use it in a decentralized way. you can see that clearly in many centralized altcoins that are also using the blockchain technology. which leads me to say that a better word for it is distributed ledger.