What is Blockchain? Some technical and non-technical information for everyone’s understanding.

First of all, what is not a blockchain?

  • Blockchain is NOT a cryptocurrency.
  • Blockchain is NOT a programming language.
  • Blockchain is NOT a cryptographic codification.
  • Blockchain is NOT an IA or Machine Learning technology.
  • Blockchain is NOT a Python library or framework.

The blockchain: what is it?

Key elements of a blockchain

Distributed Ledger Technology (DLT)

Immutable records

Smart contracts

The blockchain: How does it work?

  • Cryptographic Hash
  • Immutable Ledger
  • P2P Network
  • Consensus Protocol
  • Block Validation or ‘Mining’

As each transaction occurs, it is recorded as a “block” of data

Each block is connected to the ones before and after it

Transactions are blocked together in an irreversible chain: a blockchain

Benefits & Conclusion

Greater trust

Greater security

More efficiencies

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