How Blockchain Technology Works in Layman’s English – Infographic

Do You Know How Blockchain Technology Works?

If you haven’t been living on Mars, you surely would have come across the word “blockchain technology” at least 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 market projects, 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 money…it is a whole new ecosystem where you can do virtually anything. It is like a database or says, 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 pictures I came across titled; “How Blockchain Technology Works in Layman’s English.” They are worth sharing because they carry a 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 into the next realm of technological advancements. But the question still remains to be answered on how blockchain technology actually came into existence and how a layman could embrace it. This brings us to ask the popular question know how blockchain technology works in layman’s way?

The second infographic 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 a proper answer but this infographic from PDForest explains the concept behind blockchain technology and how it works in layman’s English.

You can read all my other articles on social here via @doctorresidual

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



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9 responses to “How Blockchain Technology Works in Layman’s English – Infographic”

  1. william Avatar

    Its a wonderful post.

  2. Anna Avatar

    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

    1. Olawale Daniel Avatar

      Hey Anna,

      I am glad you enjoy reading the post. I believe you now know how blockchain technology works and can explain the same concept to someone else?


  3. Ted Avatar

    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…

    1. Olawale Daniel Avatar

      Oh brother, my pleasure. Trust you enjoy reading the piece?

  4. Sunday Avatar

    useful tech, blockchain technology is the way to the future. Web 3.0 in action.
    great to read the post.

    1. Olawale Daniel Avatar
      Olawale Daniel

      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.

  5. Dr Amandeep Sandhu Avatar
    Dr Amandeep Sandhu

    very useful information……!

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