Nice post but your explanation of the blockchain technology is all over the place-not clear and concise Maybe a breakdown of the structures and one sllid defintion. Otherwise it will still be a bit hard for newbies to understand and may ina way confuse them; though you may have made it for newbies. Eitherway; it was a good read and i'm sure at least it helped to give a more general understanding of the blockchain tech.
RE: Understanding Blockchain-A Layman's Primer