Quote from: AnzarRS on January 10, 2018, 02:47:02 AM

So what exactly is this blockchain?

Blockchain is the foundational technology behind Bitcoin. This interconnected web of computers and servers is decentralized and runs transactions against a single, public ledger. A copy of this ledger is in every node of the blockchain network, and for every transaction, every other node must agree with and verify the transaction.

These transactions are verified by lottery; miners are randomly awarded the ability to add a block to the chain and verify a transaction to redeem the Bitcoin transaction fee. This combination of decentralization and pubic transparency makes blockchain the most fool-proof financial system to date.

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