blockchain explained

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Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet - that is a basic understanding of the blockchain. Blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. That means each individual piece of data can only have one owner. You may hear it described as a “digital ledger” stored in a distributed network.

Blockchain can be a tough concept to wrap your head around, but the game-changing distributed network and immutable ledger technology has the potential to change the foundation of the internet. Learn how it works and where you can already see blockchain in action.













WIRED challenged blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert.

















What is a Blockchain? Financial Post asked some blockheads to explain

I of III: blockchain explained

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II of III : explain blockchain technology to 5 different people

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III of III: blockchain explained by lego figures

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