Post
Topic
Board Beginners & Help
Re: Blockchain Technology for Newbies
by
Rosaleen18
on 04/08/2018, 07:44:36 UTC

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:

https://i.imgur.com/WzhT2Bk.png
Source
Thank you sir for the picture you post, it gives me clearly on how the blockchain works. It add to my knowledge about the blockchain. Once again sir! Thank you so much.