Comparison of Traditional Systems with Blockchain

Greeting all steemian.! This time i want to a little peeling about blockchain.

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Iam sure a lot of steemians are discovering the meaning of blockchain of the internet, so i will try to explain the meaning in a way that i understand. First we compare the traditional system with the blockchain system :

Old system
For example you buy a shirt at the store. When you pay, you swipe your credit card on the card's card machine. Here is a transfer of money from your account to the store account. But you know where this transfer can happen? Why can the store believe that your money has been transfered to their account? This is because there is a third party trusted by you and the store, and that third party is your bank save money. The store trusts the third party.

Blockchain System
Blockchain is a system that does not use any third party. The point is the record of transaction that have occurred, stored by many computers spread over the network (BLOCKCHAIN) its self. So it would be hard to hack a system of thousands of computers, and little possibility for all those computer to be interupted at the same time.

So it can be concluded that BLOCK (special box) is a place /boundary / special area to accommodate all item / transaction changes that occure during chain process. CHAIN recording a unique chain and is the plot of all consistent stages of a transaction item.

Best Regards
@arie85