{"id":1749,"date":"2020-02-27T16:55:28","date_gmt":"2020-02-27T15:55:28","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=1749"},"modified":"2020-02-27T16:55:28","modified_gmt":"2020-02-27T15:55:28","slug":"the-blockchain-explained-for-dummies","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/1749","title":{"rendered":"The blockchain explained for dummies"},"content":{"rendered":"
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The blockchain is a term that has been flying around for years now, and although so many people her that term, not everyone is able to truly why the technology is talked about in every innovation even if they do have a vague idea of it. This is an article that helps such people to understand the ideology of blockchain as it summarizes its most important concepts.<\/span><\/p>\n<\/blockquote>\n

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Firstly, it is important to know that blockchain is not a cryptocurrency, although a lot of people came to know about the technology after the success of bitcoin, the two are entirely different from each other. It is also not a programming language, neither is it a cryptographic codification or an AI or Machine Learning technology or a Python library or framework.<\/span><\/p>\n

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Blockchain is the name of a technology, and just as the name implies, it is a chain of block or group transactions that is distributed among users. It is an incorruptible record of transactions that do not depend on an external authority for it to validate the authenticity of data.<\/span><\/p>\n

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The key function of the blockchain is its distributed security system and the 5 key characteristics or concepts that form the basis of the blockchain are the cryptographic hash, the immutable ledger, the p2p or peer to peer network, the consensus protocol and the block validation or mining. These characteristics will be further explained for easy comprehension.<\/span><\/p>\n

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Table des mati\u00e8res<\/p>\n