Blockchain Explained
In simplest terms, blockchain is explained as a global distributed ledger made of data blocks sequentially linked in a chain. The Bitcoin blockchain’s unique characteristics stem from merging cryptography and transparency within a distributed technological framework. Bitcoin transactions between two parties occur within a global peer-to-peer network without needing to rely on third-party authentication.
Blockchain technology tackles the problem of digital trust by securely recording important information in a public space. Data stored on the blockchain exists in a shared and continually reconciled state, and the data is decentralized, can be encrypted and timestamped—but it cannot be tampered with nor changed retrospectively.
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Got here from your YouTube ad incase you guys want to know if people can see your ads
Luna to the MOON
Terra anchor was an amazing idea
Luna to the MOON
Terra anchor was an amazing idea
What I learnt is that… the ‘time-of-action’ being recorded, and therefore the “block-headers” (which have that time embedded into them), are obviously very important to the workings of a Blockchain. There are so many so-called “blockchains”, it’s hard for people to know what their end game is. With this simple and concise video lesson, now I know what it takes for a Bitcoin-BSV blockchain to work accurately and honestly. Thanks for being transparent
Excellent content. Thank you very much for sharing