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Saturday, October 24, 2020

How Blockchain Technology Works in Layman’s English – Infographic

Do You Know How Blockchain Technology Works?

If you haven’t been living on the Mars, you surely would have come across the word “blockchain technology” at least for once. Agreeably, you are not so techie-minded, I will take it like that – but you must have heard about cryptocurrency, or about some of its babies such as Bitcoin, Ethereum, DASH, Doge, REDD, STEEM, and the soon to hit the market Dascoin, etc. I can see you are nodding to that… 🙂

That’s cool.

It is cool in the sense that, your knowledge about it makes my work today much easier. As much as I’d have loved to make you understand what I’m trying to drive at, your lack of proper information about the subject matter would further make the educating process difficult for me and for you.

Coming through…blockchain technology is the technology that powers some of these cryptocurrencies. It is not just about money, blockchain technology goes beyond sending and receiving of money…it is a whole new ecosystem where you can do virtually anything. It is like a database or say, a registry of data.

I’ve published quite a lot of articles in the past ranging from bitcoins to other blockchain powered technologies. You can go here to read them, but today, I just want to quickly share these two powerful infographic picture I came across titled; “How Blockchain Technology Works in Layman’s English.” They are worth sharing because they carry great amount of information on how blockchain technology works in an easy to understand and interactive manner.

Read on and enjoy.

This Is How Blockchain Technology Works for Beginners

How blockchain technology works
Blockchain technology is the 21st century disruption that we are anticipating to channel us into the next realm of technological advancements. But the question still remains to be answered on how the blockchain technology actually came into existence and how a layman could embrace it. This brings us to ask the popular question to know how blockchain technology works in layman’s way?

The second infograph below also expands further on how blockchain technology works for a layman to have something to take home.

How blockchain technology actually works
How does blockchain technology work? This has always been a question that has gone for a very long time without proper answer but this infograph from PDForest explains the concept behind blockchain technology and how it works in a layman English.

You can read all my other articles on Steemit here https://steemit.com/@residual

I post regularly on diverse of topics ranging from blockchain technology to artificial intelligence and automation. I also talk about personal development and other stuffs. Let’s connect guys.

Olawale Danielhttps://olawaledaniel.com/
Olawale Daniel is a business builder and psychologist, a network marketing professional, a world-class motivational speaker, a successful internet entrepreneur and a digital media strategist interested in all things mobile and digital — start-ups, media, branding. He started TechAtLast back in 2010 as a platform to quench his thirst for latest technologies. As a motivational speaker and author, Olawale has published several motivational and personal development books and he's currently working on "SUCCESS AHEAD - Don't Quit" which is billed to hit the stand by Q4 of the year. He writes regularly on his personal website on motivation and personal lifestyle and tips for network marketing success, OlawaleDaniel.com. His latest book on How to Sponsor More People in Your Network Marketing Business is still one of the best sellers in its category. He's presently working as a Health and Wellness consultant at BURN SLIM TRIM Inc., a firm that helps people regain their perfect lifestyle through state-of-the-art recent discoveries way back from nature. He's also the brain behind FOBCourse, a business university for startup entrepreneurs in Africa.

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8 COMMENTS

  1. Blockchain is a technology that enables secure data transmission with complex coding systems. The Blockchain network allows electronic devices to communicate in a safe and transparent manner

  2. Wow…you have explained everything in one infographic presentation..Thanks for sharing…Blockchain technology is like the internet in that it has a built-in robustness…

    • You can say that again! 🙂

      Blockchain technology is here for us and we are going to learn more on how we can leverage the tech to build our future.

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