Hello all,
Like a lot of people I have heard talking a lot about cryptocurrencies in the last years (bitcoin, litecoin, dogecoin on reddit, now ethereum and steem) but I have troubles to understand easily what a blockchain is?
So it would be great if someone could help and explain with simple worlds or point to a good resource explaining that :)
Thank you in advance,
Ellakee
The blockchain is a distributed database.
It can be P2P = decentralized & public... so no single point of storage or failure.
Quick & dirty - lol.
Hi @ellakee , @hastla provided quite a good explanation in a short sentence. If you want more detailed info, feel free to look at the reference papers on our website, The Gentle Introduction... series. Therein you will find a paper called A Gentle Introduction To Blockchain Technology, which should assist.
Regards,
Ricardo Goncalves (BNC Steemit Community Manager)
