How To Explain Blockchain In A Simple Way – Techicy

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How do i explain people about the blockchain/crypto/steemit world in an extremely simple way? veerall ( 50 ) in cryptocurrency 2 years ago Hey guys, for me its just been a year into cryptos and blockchain technology, and just about a month ago, i got to know about steemit.

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Hi, I came across a really good simple explanation of blockchain recently and thought I’d share. I’d like to know what you guys think and would love to hear your simple explanations. So, imagine you live in a village. There’s 1 guy in the village who is in charge of all the money. He has a little book and writes every transaction in there.

We’re standing in a greenroom for panelists at StartEngine ICO 2.0, a blockchain. Rap Genius way?" Romi Ezzo, an editor from Genius who had followed Moghadam to Everipedia, asked aloud at one point.

A simple explanation of how blockchain works. Blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. That means each individual piece of data can only have one owner.

Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain.

Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or "digital ledger", of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded.

How would you explain what you do to a taxi driver. at Ogilvy she authored strategies that brought IBM’s blockchain.