An Introduction

What is blockchain in simple terms? 

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

Technical Definition:  Blockchain is a new data structure that is secure, cryptography-based, and distributed across a network. The technology supports cryptocurrencies such as Bitcoin, and the transfer of any data or digital asset.

Spearheaded by Bitcoin, blockchains achieve consensus among distributed nodes, allowing the transfer of digital goods without the need for centralized authorization of transactions. 

How does Blockchain technology operate?

Benefits of blockchain technology: 

Uses and possibilities of blockchain:

The current debate in the USA has, unfortunately, focused too heavily on trading and speculation, looking at cryptocurrencies as an investment tool, rather than understanding the potential of core blockchain technology and the basic role of cryptocurrencies as an incentive mechanism to secure decentralized transactions.

An In-depth analysis

Most popular use: Cryptocurrency

But how does bitcoin actually work?


of Blockchain using the SHA-256 algorithm

How secure is 256-bit security?

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