What is Blockchain #118

What is Blockchain?

You’ve heard this word everywhere lately, but what does it really mean? Simply put, it’s a way of structuring and storing data. Think of how you pack things up to move. Things are put in boxes, the boxes are labeled with the contents, and then it is stacked inside the moving truck or storage unit. That’s it, really.

So why is that revolutionary? Or special?

It’s not that special or revolutionary at all. How it is being used, is what the fuss is all about. It enables something called distributed ledger technology (or DLT), which is an important step in the evolution of how data is stored and shared. Until now, most companies had private databases. They just had no other means. If they allowed anyone to look at their databases, it would have created huge security risks. With blockchain technology, it can be owned by no one, added to by its users, and all the information can be seen publicly. This use of a public ledger creates transparency never before seen, which in turn enables a company (or government) to show what they are up to, be held accountable, and thus gain trust.

 

That’s a very simple way of understanding a blockchain. The great thing about it is its simplicity. It can be created very quickly. There are YouTube tutorials under 20 minutes long showing you how to code your own blockchain from scratch! A blockchain can also be written in JavaScript, one of the most widely used and easy to learn coding languages. Someone who has never coded before, EVER, could learn how to code a JavaScript blockchain in under a week, just following simple guides and tutorials.

 

Here are some real-world uses that are already applying blockchain technology:

Decentralized Internet Smart Contracts Decentralized Markets Distributed Cloud Storage Decentralized Social Networking Sites Encrypted Messaging Proof of Ownership Authenticated Voting Stock exchange Real Estate Shipping, Logistics, and Food Processing

Tune in to CryptoAndBlockchainTalk.com, the podcast that makes you smarter about the worlds of blockchain and cryptocurrency, and everything in between. It is our mission to interview the brightest stars in this space, bringing them straight to your ears for your listening pleasure, and best of all, for free!

In addition, all interviews are streamed on Crypto24Radio.com, bringing you the latest news on all things blockchain and crypto-related all day, every day - plus music!

So stay tuned and enjoy.

We LOVE having you as our listener, and friend!

SUBSCRIBE to our social channels and never miss an episode: SPOTIFY   iTunes   Stitcher   Soundcloud   Google Play Music   Tunein   Castbox   Podchaser   Pocket Casts   Overcast   iHeartRadio   PlayerFM   YouTube   Acast   Podnews   Castbox   Poddtoppen   Feedspot   Kimcoin   PodBean   Chartable  LISTEN NOTES  PodParadise  Bullhorn amazon music

___________________________

Do you want us to talk about your project or company? Email us: [email protected]