RE: Steemit Crypto Academy Contest / S6W1 - The Blockchain Revolution
Hello brother,
Cryptocurrencies have taken the world by storm in the past 14 years, promising to deliver efficient monetary systems free from governments and other centralized parties that many find unfair or untrustworthy.
This has has been possible, with the the implementation of blockchain, as it is a decentralized system of storing data that was originally created for the digital currencies.
Blockchain is a type of distributed ledger that records transactions across multiple computers in such a way that the records cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This allows each participant or node in a blockchain network to have an updated version of events and eliminates any need for other intermediaries to authenticate or validate transactions.
Generally you have tried, and I wish you goodluck in this contest.
Hello, @preye2, I am an old-fashioned engineer cum marketing graduate who is dealing with crypto right from 2011 but know very little about its technicalities beause I never tried.
However, I am keen to learn it and trust me, I will leave nothing to chance and do better posts in coming days. Thanks a lot for your support but I have no chance of reaching anywhere in this contest. But that would not stop me from doing better in my next.