Блокчейн для чайников: полное руководство №1
Victor GyugoJune 02, 2022
New guide for beginners about Blockchain technology and how its work. Today you can read first guide.
Blockchain was introduced as the technology behind Bitcoin, the first cryptocurrency. Think of it like an infrastructure for cryptocurrencies - if cryptocurrencies were cars, blockchain would be expensive. Although there is some debate among experts about the future of cryptocurrencies, there is no arguing about the bright future of blockchain technology. In this guide, I will try to explain blockchain in simple terms.
Blockchain is the next new breakthrough
Everyone agrees that this technology is a huge achievement - perhaps the biggest since the advent of the Internet. As a result, most large companies such as Google and Amazon are fighting for their piece of the pie by working on their own blockchain solutions. The time spent reading this guide will pay off handsomely.
Compare this to reading a book about the Internet in 1994, when the birth of email was still being discussed on TV.
The future of decentralized technology is bright and whether you are interested in cryptocurrencies or blockchain technology, knowing the fundamentals of blockchain is a must. This includes a simple explanation of how blockchains work, what problems they solve, and their incredible benefits to the world.
Blockchain for Dummies: A Simple Explanation
Blockchain is essentially a chain of blocks. Blocks contain digital information, think of them as packets of data tied up like a Christmas present.
In the case of the Bitcoin blockchain:
- Within each block is a series of bitcoin transactions that have taken place over a period of time;
- All blocks together make up the Bitcoin blockchain and are a confirmation of all transactions that have occurred since its creation.
What was the first platform to use blockchain?
Bitcoin, the first working example of blockchain technology, was invented as a response to the inefficiency of centralized banking institutions. Its launch in 2009, just after the financial crash of 2007/2008, is no coincidence. The creator(s) of Bitcoin were inspired by democratic idealism that encourages individual autonomy within a monetary (monetary) system.
Where is the blockchain located?
At its core, a blockchain is a network of computers that can be located all over the world. Computers contributing to a particular blockchain have data or transactions that have ever been recorded on that blockchain.
It is this feature that makes the blockchain decentralized and incredibly reliable, as it is able to survive power outages and political upheavals. The more computers, the stronger the blockchain. Thus, the blockchain works decentralized.
Tomorrow I will post next guide about Blockchain. Thank you
Victor (Product Manager of Z1 FINANCIAL)