Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Asebaby on November 27, 2018, 07:51:42 PM
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you will agree with me that not everyone here know what is Blockchain and it functions in the cryptocurrency. If you have the idea please tell us.
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I think blocks store information that distinguishes them from other blocks. Much like you and I have names to distinguish us from one another, each block stores a unique code called a “hash” that allows us to tell it apart from every other block.
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That question shouldn't be asked here because at the first place you can google that type of questions and you'll get
an exact answer to that question.
here take a look at this image I got from google.
(https://i.imgur.com/2izZDRf.png)
Definition of blockchain "a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly."
source: google
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Blockchain is the latest technology that has brought revolution in the financial sectors. It has enhanced transations within few seconds with less fees.
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That question shouldn't be asked here because at the first place you can google that type of questions and you'll get
an exact answer to that question.
here take a look at this image I got from google.
(https://i.imgur.com/2izZDRf.png)
Definition of blockchain "a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly."
source: google
You have just gave a google definition to what Blockchain is all about which can be termed as a copied and paste answer. You are expected to explain it in your own understanding,moreover we have found ourselves into cryptocurrency,Trading and also investing into different projects but it will surprise you to know that not every investor understand the relationship of the Blockchain and cryptocurrency. If you are enlighten more on this we will want to hear from you.But in your own simple understanding not from google.
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The blockchain is a technology by which we can make the huge transaction with very low fees.
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Blockchain uses the Internet, and many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated.
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Blockchain is the latest technology of the financial sectors. Blockchain technology can be change our daily lives and everything easier. Future economic world will be dominated by blockchain technologies. It is safe and fast for the financial system and takes low fees.
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Blockchain is the technology that Bitcoin is built on. It is distributed ledger that contain blocks and each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.