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



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
SourceLess Hybrid Blockchain

SourceLess Blockchain is created as an all-in-one community blockchain. Offering security and control, free web for all and much more. Rea more on sourceless.io