Posts tagged Bitcoin
What is Blockchain?

We keep hearing more and more about Bitcoin and blockchain, but for a lot of us the picture isn’t getting any clearer.

Most explanations spend too much time telling you how blockchain works and not enough time on what blockchain is; it’s a bit like trying to explain the internet by going over TCP/IP protocols.

It’s confusing, and you don’t end up learning much. In order to understand Bitcoin and blockchain, it helps to understand where they came from.

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What is BLOCKCHAIN? The best explanation of blockchain technology

Blockchain explained in plain English. Understanding how blockchain works and identifying myths about its powers are the first steps to developing blockchain technologies.

Blockchain is an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank-controlled payments.

Blockchain is a special instance of Distributed Ledger Technologies (DLTs), almost all of which have emerged in Bitcoin's wake.

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