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WTF is the Blockchain?

18 pointsby smb06almost 8 years ago

1 comment

Frogolocalypsealmost 8 years ago
quite a lot of effort went into making something so complex seem so sillyly (have i just invented a word?) easy. There were a few complexities left out but it certainly explains the gist of it.<p>The bitcoin implementation is slightly more nuanced. One thing he didn&#x27;t touch on was the difference between nodes and miners. another thing he didn&#x27;t touch on was the signing of your txns. Because that wasnt covered, the specifics of a 51% were not clear. A 51% attack can stop you spending your coins, but still can&#x27;t spend your coins. You would need to control the nodes for that to occur.<p>But still pretty good and it at least gets across the concept of the blockchain itself.