What is Blockchain?
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Date to publish
May 3, 2022
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THREAD:
1.- 👇¿What is blockchain? This is essential to understand crypto and the basis of this technology
(Picture related to blockchain)
2.- Blockchain⚙️➿, Its the technology that allows information to be protected and shared between “blocks” in an encrypted, secure, transparent, indelible manner and without the need of a third party or intermediaries.
That’s why, it is DECENTRALIZED.🏴
3.-In this blockchain, there are users or "validators" who are the ones who verify the transactions.✅
4.- Imagine that these “blocks” are linked by “chains” and each “block” contains a “code”; each "block" with the "code" is inside another "block" and so on.
These "codes" are called Hash and they communicate with each other and with the network.
PICTURE OF THE BLOCKS)
5.- The potential uses of the blockchain are:
* Transfer Value (like the #bitcoin blockchain)💲
* Smart contracts (such as the Ethereum blockchain) 💠
6.- Intellectual Property (such as certificates of authenticity of NFTs) 🖼🏠
Protection of unalterable information such as medication data or the votes of a government election. ♾🗳
7.-
… and much more to develop. Blockchain technology comes to revolutionize everything!
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