A brief intro to Blockchain technology
The block chain is no doubt an excellent invention. The product of a group or group of people known by the name "Satoshi Nakamoto". But it has since evolved to be something more. So what is this blockchain?
Blockchain according to the wikipedia is a contionously growing list of records called blocks which are linked and secured using cryptography.
Simply put, a blockchain is a type of distributed ledger or decentralized database that keeps continuously updated digital records of who owns what instead of having a central administrator like a traditional database, (think banks, governments & accountants), a distributed ledger has a network of replicated databases, synchronized via the internet and visible to anyone within the network. Steemit for instance is built on steem blockchain database which rewards users with steem and steem dollars when they post or comment on interesting topics.
So we can say Blockchain is to cryptocurrency what the internet is to emails.
I hope you enjoyed that short intro, do share your own perspective on blockchain and its use and you can resteem too.
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Well I enjoyed the short introduction. Only that it was too short. I hope to see more posts about blockchain from you. I really am interested in this particular technology.
Sure @johnesan will do my best. Thanks for reaching out
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