If you have been following up with my post you will see where I talked about what is cryptocurrency during my last cryptocurrency post. I stated on that post that there is every tendency that deep down no matter what, it is vital for us to know about what cryptocurrency is all about. It should be something of joy rather than it looking like something that some persons are being forced to know about. Aside that, knowing about the cryptocurrency ecosystem should be something that we should be proud and happy about. For housing the cryptocurrency trait i.e for somebody who understand what the cryptocurrency ecosystem is all about, he/she should be bold to defend the cryptocurrency ecosystem in full quote. One thing that I am happy happened is seeing that the cryptocurrency ecosystem was loved by faces that we are not acquainted about, it is loved by faces from different part of the world and federation, that alone is something that we all should be proud of. We all should remember that during the absence of the great Nakamoto Satoshi, many people came together, promote and pushed the cryptocurrency ecosystem to the stage and state that it has attained today. With all this being put together we all should be happy about what we have attained in the cryptocurrency ecosystem deep down no matter what.
If you read through my post you will see that on that post I discussed about what is cryptocurrency, I will love to discuss about what is Blockchain with this post this time around. I want us, especially those that don't knows what the cryptocurrency ecosystem to be able to have one or two knowledge about what is blockchain. I will be touching the cryptocurrency with this post in a way that those who come across it will be glad that they did. Despite tagging the post as post for newbies in the cryptocurrency ecosystem, I will love the post to be for those oldies in the cryptocurrency ecosystem also. Generally speaking, I will love to see this cryptocurrency post being meant for every body, I don't want to see it being restricted to just the newbies which I am targeting.
The reason why I am targeting the newbies is for them to have something that will aid them in the cryptocurrency ecosystem irrespective of anything that they are doing. With this kind of post as a newbie you will be able to grow faster in the cryptocurrency ecosystem irrespective of anything. For the sake of this post, what I am going to be doing is that I will try my very best to explain what is blockchain in a lane man language.
As for your information, blockchain can be defined as immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. As for your information, blockchain database can stores data in blocks that are linked together in a chain. The definitions that I dropped are definitions from different individuals. As for me, I will explain what blockchain is in a lane man language just like the way that I explained what cryptocurrency is.
I will be using the bank as a case study once again. Remember that I said on my last post that cryptocurrency is the money that is being traded in the bank while the bank itself is the blockchain. I believe by now we have understand what blockchain is all about. For more clarity and more understanding, we all can say and see that the blockchain is the house where all transactions activities are being carried out. Whatsoever activities that is being done there regardless of everything is not our issue but we all should knows that in the banking sectors transaction must flow, that is same thing that is holding up in the cryptocurrency ecosystem. Just like what I have stated, we all should knows that blockchain in a lane man's language is a house where all transaction activities are being carried out. With the information that I just dropped, I believe that the newbies and also those old hands in the cryptocurrency ecosystem will be able to see something that they will be able to learn from. It is going to be something that will aid them in whatsoever thing that they are doing being it long or short term.
I will end the post here, have a nice day.