What is Blockchain?

[Bellamy 1065]

Blockchain can be classified as the best invention of the end of the century in terms of technology since it came to revolutionize the world by providing a new economic system. This legacy left by Satoshi Nakamoto today has become the hope of many, having generated a new method where anyone with basic knowledge can participate, regardless of race, religion or social position.

[Ludmila Castro 1153]

Blockchain brings with it many advantages such as speed and security, it has proven to be the best wallet to store transactions, operations and cryptocurrencies.

[Anzaatta 379]

In my point of view the blockchain is prove best wallet for trades, transactions and cryptocurrencies as well. It is very easy to handle. Not vast knowledge is required for it.

[Fa19ba045 453]

In addition blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated or distributed across the entire network of computer systems on the blockchain. 

[Ninon 0]

Blockchain is a current technology, which many primary organizations have benefited from, which right the protection of information barring the potential to exchange it besides accepting its gadget for that, and this science will unfold to all important establishments and worldwide banks in the close to future 

[Mamba79 682]

Is a single, consensual and distributed register in several nodes of a network. In the case of crypto-currencies, we can think of it as the accounting book where each of the transactions is recorded.

[Iman33 0]

Your friend's brief explanation of the blockchain technology that can be used to extract cryptocurrencies through developed programs that save you time and make profits.

[scorpiali 5626]

Any new users in the world of crypto currency should know the meaning and how it work the blockchain because the majority don't still know what is the blockchain, in general the post is to long for beginners you can just resume with little words 

[Braulio Eurea 720]

The block chain is a record of encrypted data, it is a technology to have security in the transactions, once the transactions are registered they cannot be modified, so it is a useful technology in maintaining the operations as they were conceived, therefore that does not allow possible alteration, and can be audited in time, to verify all the records made. This technology is what cryptocurrencies use for their operation, each cryptocurrency has its own blockchain with its own characteristics, but this technology can and is used in other areas not only in the world of cryptocurrencies, for the advantages it offers of security and the non-alteration of data.

[Rosen 103]

Blockchain is a kind of ledger, it's helpful for both customer and company. It is the technology of crypto currencecy bitcoin.blockchain deals all the transactions directly. 

[Alkali 146]

This is a very educative post. I know nothing about blockchain before. But I have learned a lot about it now. The Idea of blockchain is a very good idea.

[jerojersan 185]

is a unique record, it is like the accounting book where each of the transactions is recorded, in each block a number of valid records or transactions are stored, and the information regarding that block

[godislovefll 1880]

It is the great difference of blockchains, their transaction hash is one of the best options to identify each transaction and also with that we have evidence of some payment made which makes it a good record that is very similar to traditional banks. difference that there is no name or surname.

[yulitzacalvete 1366]

Blockchains is the best thing that has happened in the digital age, and I think it is the greatest influence for small and large investors, which is why cryptocurrencies are promoted every day and for this reason thanks to the blockchain it is very popular.

[Lion heart 71]

On 10/27/2020 at 1:34 PM, kafkas78 said:

The fact that we can briefly say 'Encrypted and Unchangeable Recording System' for Blockchain, but this does not make much sense for a person who is far from technology, right?

You're right 🙂 Then let's tell a little bit more simple story about this technology called Blockchain.

Let's go back years ago; When we go to the grocery store with a credit book and buy something, the grocery store would write this shopping both in its own notebook and in our notebook.
The reason for this two-sided writing process was to prevent one of the two parties from doing a recording or deletion without knowing each other.

Here is the working logic of the Blockchain system, the record entered into the system is kept simultaneously with all users in the system, and when a user tries to change his / her information without the consent of other users, it will not be accepted by the system because it will not be the same as the records of other users.

To be specific, Blockchain technology allows us to keep our data in an immutable and secure way. In addition, one of the main reasons why this technology is so valuable is that it does not need a center.

Many world giants such as IBM, Walmart, Unilever and Nestle have already started to use this technology. In addition, Georgia has now begun to test this technology in title deed transactions.

It is a chain of single record hinders that is appropriated in a few hubs of an organization, and on the off chance that we talk about cryptographic forms of money it resembles a bookkeeping book where every one of the exchanges did is recorded.

[Fizza74 42]

Block chain is a system of recording information in a way that makes it difficult or impossible to change,hack or cheat the system. A block chain is essentially a digital ledger of transaction that is duplicated and distributed across the entire network of computer systems on the block chain.

[Jody 31]

Forum world deals with digital currencies, which are safe for members of the forum, and it is the technology of the era through which the forum keeps your information

[Nour22 252]

Thank you, my friend, for providing this clear explanation about this wonderful technology, and it is an appropriate idea that can be used because it is safe and reliable and also indicates the development of technology in our lives and the world, and many people can benefit from it.

[Tom Keen 12]

Thanks for the informative post. 

I can't ever hear the word blockchain and known due to this post I have learnt basic.

According to me it's amazing. 

[sormila1 59]

blockchain is another exchange site in the world so that there are many people work this site and get good benefit. this is very good and trusted site in the world so that some people work this site.

thanks

[A beer04 208]

Welcome my friend, thank you for your really useful post. Good information about blockahin. I hope it will be applied everywhere. It is a symbol of protection and safety. It is an advanced technology to preserve our property

[Faizan12 1708]

I think blockchain is the list of digital currency and exchange where we earn a good amount of money so we will learn and earn here if we spent a good time on this website 

I hope you all do good work on this website

 

[AMAN KHAN 579]

I have a good amount of info about BLOCKCHAIN. It's the most advanced technology in the world of digital economy. The data about transactions taking place of btc and other digital currencies is stored in it in form of boxes. 

[Angeln20 513]

  That's right, it's also known for it's security and record of every transaction made in bitcoin or any other crypto currency as they are carried out and are linked to peer to peer network.

[Rebacca 23]

As I would like to think, blockchain has demonstrated to be the best wallet for saving exchanges, exchanges and cryptographic forms of money. I exhort each individual, particularly amateurs, to manage blockchain on the grounds that managing it is simple and doesn't need a lot of information.