Understand the Blockchain in Two Minutes
Over the past decade, an alternative digital paradigm has slowly been taking shape at the edges of the internet.
This new paradigm is the blockchain. After incubating through millions of Bitcoin transactions and a host of developer projects, it is now on the tips of tongues of CEOs and CTOs, startup entrepreneurs, and even governance activists. Though these stakeholders are beginning to understand the disruptive potential of blockchain technology and are experimenting with its most promising applications, few have asked a more fundamental question: What will a world driven by blockchains look like a decade from now?
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Is every Bitcoin transaction added to the Bitcoin blockchain? If it is, is a Bitcoin transaction like a malware virus adding to the blockchain? Is it possible that El Salvador will overwhelm the Bitcoin Blockchain infrastructure with Hundreds of thousands of transactions being added to the blockchain?
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Understand block chain in two seconds. Blockchain/ball and chain.
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𝖨𝖮𝖲𝖳𝖮𝖮𝖫𝖲 𝗈𝗇 !𝖦 𝗀𝗈𝗍 𝗍𝗁𝖾 𝗁𝗂𝗀𝗁𝖾𝗌𝗍 𝗋𝖾𝖼𝗈𝗆𝗆𝖾𝗇𝖽𝖺𝗍𝗂𝗈𝗇 𝗁𝖾𝗋𝖾 𝗂𝗌 𝖽𝗈𝗂𝗇𝗀 𝗀𝗋𝖾𝖺𝗍 𝖨 𝗀𝗈𝗍 𝟥𝖡𝖳𝖢 𝖿𝗋𝗈𝗆 𝗍𝗁𝖾𝗆.
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𝖨𝖮𝖲𝖳𝖮𝖮𝖫𝖲 𝗈𝗇 !𝖦 𝗀𝗈𝗍 𝗍𝗁𝖾 𝗁𝗂𝗀𝗁𝖾𝗌𝗍 𝗋𝖾𝖼𝗈𝗆𝗆𝖾𝗇𝖽𝖺𝗍𝗂𝗈𝗇 𝗁𝖾𝗋𝖾 𝗂𝗌 𝖽𝗈𝗂𝗇𝗀 𝗀𝗋𝖾𝖺𝗍 𝖨 𝗀𝗈𝗍 𝟥𝖡𝖳𝖢 𝖿𝗋𝗈𝗆 𝗍𝗁𝖾𝗆.