Blockchain in simple words.
As you know Steemit is a blokchain based blogging platform. A lot of people come to work here who have no idea about blockchain. So I thought I needed to post one about blockchain . Through which block chain can be presented in very simple words. This post is mainly for users who have absolutely no idea about blockchain. In this post I will tell you what is blockchain in very simple language.
Block chain is said to be the latest technology for data storage. Controlling small parts of a large information system together is called block chain. Now the question may come to your mind, what is the block? A block is a small piece of information or a single or bunch of information.
A block chain is formed by connecting many blocks to each other. And the account of this block chain information is called ledger. But the ledger of the block chain is not stored on a central server like a bank. Copies of the blockchain's ledgers are stored identically on numerous personal computers. And the connection of all the computers connected in this block chain is called decentralized network. And the information that is stored in this network is called distributed ledger.
Interestingly, As each new block is added, information is updated on all the computers in the network . And all the ledger copies in this network are connected to each other. If someone wants to change any information in the blockchain. Then he has to constantly change the information of all the computers under the network. Which is almost impossible. That is why block chain is called the most secure technology.
That's all from me. Hope to see you in the next post. Till then it’s good bye.
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