#blockchain — the Train Analogy
▻https://hackernoon.com/blockchain-the-train-analogy-b53c1cdc37b0?source=rss----3a8144eabfe3---4
Blockchain — the Train AnalogyThe smoke is Proof of WorkFor some time, I have been tinkering with definitions of technical concepts to understand them personally to explore ways in which I can expand their use cases and applications. I believe that the key to mastering a technical concept is to having a somewhat localised version, a close to home definition. For that, stories often come in handy in breaking down technical concepts.What is a blockchain? Here’s Wikipedia’s definition.A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography.[1][6] Each block contains a cryptographic hash of the previous block,[6] a timestamp, and transaction data (generally represented as a merkle tree root hash).Well, what’s then the parallel (...)
#lunatic-express #dapps #blockchain-train-analogy #distributed-ledgers