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eli5 what is blockchain reddit

Last Updated on February 28, 2024 by Paganoto

ELI5 Blockchain : r/explainlikeimfive – Reddit

ELI5 Blockchain : r/explainlikeimfive – Reddit

Whenever someone sends money (creates a transaction) and their send is truthful, there’s a hash created. A hash is like a secret word that you can only remember …

r/defi – ELI5 Blockchain: How well can you explain the … – Reddit

r/defi – ELI5 Blockchain: How well can you explain the … – Reddit

A blockchain is a distributed database that contains shared memories. Imagine owning a magic book with thousands of copies of the same magic …

Can anyone explain to me in an ELI5 format, what is the point …

Can anyone explain to me in an ELI5 format, what is the point …

The blockchain is simply a ledger of reference for any and all transactions that take place on the internet. The benefit is that the blockchain …

ELI5 what blockchain is, what blockchain does, and … – Reddit

ELI5 what blockchain is, what blockchain does, and … – Reddit

Blockchain aims for decentralization, taking away the power of individuals to make changes that affect us, the users. This means users have more …

ELI5: Can someone explain to me how crypto works? – Reddit

ELI5: Can someone explain to me how crypto works? – Reddit

At its most basic level, it’s a computer program that spits out blocks that get assigned to different people. Collectively, people around the …

ELI5: What are blockchains? : r/csELI5 – Reddit

ELI5: What are blockchains? : r/csELI5 – Reddit

Block chain is basically just a hash chain. A hash is a number generator that takes another number as input. Hash256 für example takes any …

ELI5:blockchain : r/explainlikeimfive – Reddit

ELI5:blockchain : r/explainlikeimfive – Reddit

ELI5:blockchain … How does blockchain technology work? … The blockchain is a way of maintaining consensus on a decentralised distributed network …

Could you please ELI5 the blockchain technology and why is …

Could you please ELI5 the blockchain technology and why is …

A (bitcoin) blockchain is a database where you can rely on the records/entries to be legitimate since falsifying them is expensive and requires …

ELI5: Why are people so excited about Blockchain … – Reddit

ELI5: Why are people so excited about Blockchain … – Reddit

Without getting into the nitty gritty details, the blockchain is an innovation in computer science that makes it possible for a decentralized …

Understanding the blockchain technology (ELI5): What it is …

Understanding the blockchain technology (ELI5): What it is …

The blockchain is the technology or the ledger system and Bitcoin is the cryptocurrency used for transactions and is recorded in that ledger …