what is blockchain for dummies

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Blockchain For Dummies
Book by Tiana Laurence

 

What is blockchain in simple words?

Blockchain A system that records information in a way that makes it hard or impossible to alter, hack, or cheat. A blockchain is essentially a digital record of transactions that can be duplicated and distributed to all the computers in the network.

 

How do you explain blockchain to dummies?

What exactly is it? In simple terms, Blockchain A record of time-stamped data that is immutable, managed by a network and not by one centralized system. Cryptographic encryption is used to protect the data in this network. This decentralized system cannot be controlled by a central authority.

 

What is blockchain in a nutshell?

Blockchain It allows people to collaborate and transact digitally without having second-guess trust Transparency and integrity

 

What is the blockchain and how does it work?

A blockchain is a digital record of transactions that is kept secret by a network computer. This makes it very difficult to alter or hack. Blockchain technology allows individuals to communicate directly with one another without the need for intermediaries such as a bank, government or any other third party.

 

How does blockchain work in real life?

Blockchain Technologies are the digital, distributed, decentralized, and decentralized ledger that represents the most virtual currency. It is responsible for all transactions without the use of a financial mediator such as a Bank. It’s also a new way to transmit funds and log information.

 

How does blockchain work in 7 Steps?

 

 

 

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