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RE: BLOCKCHAIN FOR DUMMIES - what would be your explanation? [question from my recent interview]
Hi @crypto.piotr.
I believe blockchain should be understood literally as a block chain.
- Blocks are a collection of data whose role is to describe an element or event.
- The chain is the block-binding part, the common part.
- Cryptographic records and a distributed data recording scheme in a decentralized form are used to secure information in the blockchain.
*Decentralized means there is no one place where all data is stored.
Thank you for being so responsive @deathtox
You seem to have quite a serious knowledge about blockchain tech. However you do not seem to post about those topics on your profile?
Check out this link to our community: https://steemit.com/trending/hive-175254
Perhaps you will find it interesting and worth joining.
Cheers, Piotr