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
The second infograph below also expands further on how blockchain technology works for a layman to have something to take home.
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.
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Its a wonderful post.
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
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?
Dan
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…
Oh brother, my pleasure. Trust you enjoy reading the piece?
useful tech, blockchain technology is the way to the future. Web 3.0 in action.
great to read the post.
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.
very useful information……!