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Itās not terribly hard: A blockchain is a ledger thatās publicly shared and held by a number of people. When a transaction happens, the ledger gets updated across the board, and all the instances get compared to each other to make sure they agree. This fights fraud by keeping scammers from being able to change one centralized ledger all by themselves. Itās called āblockchainā because the instances are saved as small blocks of data and chained together.
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The problem was that a whole bunch of other scammers decided to fool the ignorant into thinking that blockchain was something that could make everyone rich forever.
boydpercy Premium Member almost 2 years ago
Smart kid!
jagedlo almost 2 years ago
āStarring Joe & Marcyā or in this case starring Tomi & Teddy!
Ellis97 almost 2 years ago
The twins are very wise beyond their years.
The Wolf In Your Midst almost 2 years ago
Itās not terribly hard: A blockchain is a ledger thatās publicly shared and held by a number of people. When a transaction happens, the ledger gets updated across the board, and all the instances get compared to each other to make sure they agree. This fights fraud by keeping scammers from being able to change one centralized ledger all by themselves. Itās called āblockchainā because the instances are saved as small blocks of data and chained together.
.
The problem was that a whole bunch of other scammers decided to fool the ignorant into thinking that blockchain was something that could make everyone rich forever.
William Bludworth Premium Member almost 2 years ago
You lost me at āinstancesā and Iām sāposed tā be Eye-T support.
And you also lost me when I saw nothing in your comment about which guvāmint backs āblockchainā.
christelisbetty almost 2 years ago
Whatās that crashing sound ? Oh thatās just the banks that accepted crypto failing.
kab2rb almost 2 years ago
Not the only ones on crypto.