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What is BlockChain Technology: Simply Explained.

What is BlockChain Technology: Simply Explained.



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  1. Thank you, this is really great but it’d be wonderful if they could maybe add a little note about what P2P (just a little more in depth at least) is because I feel like that term is going to trip up some people that are newer to the whole crypto/blockchain scene, especially if they’re not even familiar with computers 🙂

  2. When it says that the blockchain is being checked to make sure the data is valid, what kind of data specifically is it checking for? What would an example of invalid data be and how would that even come into play on the blockchain?

  3. tldr; In 1991, Stuart Haber and W. Scott Stornetta came up with a secure way to timestamp digital documents that can’t be tampered with. This technique would rarely be used until a group of developers that goes by the pseudonym of Satoshi Nakamoto adopted this technique in 2007 to create a digital decentralized currency.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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