What's Blockchain? | Explain for Me
Hy Steemian ...
I'm a Newbie on Steemit so,
Anyone could explain for me What is Blockchain ????
Thanks,
I'm a Newbie on Steemit so,
Anyone could explain for me What is Blockchain ????
hmmm... the chain of blocks =)
blocks are keeping the records of transactions and cannot be changed or deleted once they're confirmed. Blocks should get confirmed (normally by miners) to get added to the blockchain. This post and my comment will be recorded to the steemit blockchain, once they will get "locked" in a month. You cannot upvote or modify the post after that.
That's the shortest but most understandable explanation, I hope
Thanks for answer @stuffy, Now I Understand with your a short explanation. so the performance of #steemit is on blockchain work, right?
As I understand, steemit has the "delayed" blockchain. The delay is for 1 month, so you can remove or edit your post. after your post is added to the blockchain, you cannot change it. Every post, every comment forms a block that is recorded forever (until the last computer, supporting it is online).
But steemit doesn't have "classic" blockchain.
Classic blockchain, like Bitcoin blockchain, records every transaction of bitcoin from one user to another between their wallets. After transaction is confirmed by few miners, it is impossible to change it. Actually, once you've sent your bitcoins, you cannot cancel it and bitcoins will move from one wallet to another anyway. It's like huge accountant's grossbook, where everything is recorded. But you can cheat on the grossbook, not with the blockchain.
Every block is created every 10 minutes and cannot be changed.
ok. its very usefull. thanks so much brother @stuffy
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