Blockchain Explained In Simple Terms

A blockchain is a network of computers that talk to each other.

It's a distributed network, which means that all of the participants share the responsibility of running the network.

Each network participant maintains a copy of the code and the data on the blockchain. This data is bundled together in records called "blocks" which are chained together to make up the blockchain.

All of the nodes on the network ensure that this data is secure and unchangeable, unlike a centralized application where code and data can be changed at any time.

This is what makes the blockchain so powerful!

Because it's responsible for storing data, it fundamentally is a database.

And because it's a network of computers that talk to each other, it's a network. You can think of it as a network and a database all in one.

Another difference between traditional web applications and blockchain applications is that you are not a user of the application.

Instead, you are a user of the blockchain network.

The application does not manage any user data. That is the responsibility of the blockchain!