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Author Topic: What is blockchain technology?  (Read 3219 times)

Offline Crypto Prime

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Re: What is blockchain technology?
« Reply #15 on: October 10, 2018, 06:10:11 AM »
Blockchain is a data recording technology automatically without any third party assistance. If in banking, blockchain is like an account book that records all transactions in and out of data.
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Re: What is blockchain technology?
« Reply #15 on: October 10, 2018, 06:10:11 AM »

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Offline cepot22

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Re: What is blockchain technology?
« Reply #16 on: October 10, 2018, 10:29:35 PM »
Quote from: Domithra on March 24, 2018, 09:51:39 AM
Quote from: Ikram on January 01, 2018, 02:31:13 PM
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
Blockchain is a decentralized digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

can the blockchain system be used for banking transactions
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Offline simplex

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Re:
« Reply #17 on: October 21, 2018, 02:38:23 AM »
Yet, blockchain technology, for all its merits, is not a new technology.Rather, it is a combination of proven technologies applied in a new way. It was the particular orchestration of three technologies (the Internet, private key cryptography and a protocol governing incentivization) that made bitcoin creator Satoshi Nakamoto's idea so useful.
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Offline JaymondStark

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Re: What is blockchain technology?
« Reply #18 on: October 21, 2018, 08:02:38 PM »
With basic words, it is an open transaction ledger which everybody can see but can't change the transactions which is already made and had written to the ledger itself.
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