Ever wonder why this new technology is called a “blockchain?” Over the past two posts I have used the term in a more general sense as a descriptor. We started with the Island of Yap to get a structural understanding of how a blockchain works and then identify slight tweaks that compensate for today’s realities. This week we are going to discuss more about how one works today and, in doing so, uncover why such an odd word became used to describe a revolutionary technology.
03 - What's a block and why is it chained?
03 - What's a block and why is it chained?
03 - What's a block and why is it chained?
Ever wonder why this new technology is called a “blockchain?” Over the past two posts I have used the term in a more general sense as a descriptor. We started with the Island of Yap to get a structural understanding of how a blockchain works and then identify slight tweaks that compensate for today’s realities. This week we are going to discuss more about how one works today and, in doing so, uncover why such an odd word became used to describe a revolutionary technology.