Post
Topic
Board Bitcoin Discussion
Re: How to explain blockchain/Bitcoin to millennials
by
b3llsf1l3s
on 06/06/2019, 16:12:13 UTC
Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Would appreciate it.

The blockchain is a server network,where every transaction gets confirmed by every server,which is a part of that network.This is the most stupidly simple explanation(it might not be 100% accurate) that came up in my mind.

No, its not the same. Blockchain has no server. That's why they called it Decentralized.
The value of decentralized control is that it eliminates the risks of centralized control. With a centralized database, anybody with sufficient access to that system can destroy or corrupt the data within. This makes users dependent on the administrators.

https://www.coindesk.com/information/what-is-the-difference-blockchain-and-database