How to explain Blockchain simply
Blockchain is a technology (distributed database) with the main purpose of being immutable (no one can change the data) and trustless (no individual entity has enough sway to require you to trust them).
It is a chain of “blocks”, where each block contains information. This information can be anything, and in the case of bitcoin it is transactions. Blocks have set amounts of information they contain, then they link to the next block with a hash (realistically unbreakable encryption). This means you can look back through the chain and make sure each block is valid by their hashed links.
Any computer can be a node in the network, meaning they are contributing to the blockchain. Each node computer stores a copy of the chain and compares it with everyone else’s. This means that if someone tries to add false information to the chain it can be discarded by comparing it to the many real versions being broadcasted on the network. The more individuals participating in the network, the more secure it is.
✅ @powerdrive, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!
Please also take a moment to read this post regarding bad behavior on Steemit.
@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.
https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam
And the reason why is because @therealwolf is disgusting slimy pedophile that enjoys abusing kids. Here's proof of him upvoting child porn on the steemit blockchain. bigbadwolf indeed.
And the reason why is because @therealwolf is disgusting slimy pedophile that enjoys abusing kids. Here's proof of him upvoting child porn on the steemit blockchain. bigbadwolf indeed.
Congratulations @powerdrive! You received a personal award!
Click here to view your Board
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Congratulations @powerdrive! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!