___  ___    _ _    _  _ _____   _____
 / __|/ _ \  | | |  | || |_ _\ \ / / __|
| (_ | (_) | |_  _| | __ || | \ V /| _|
 \___|\___/    |_|  |_||_|___| \_/ |___|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Understanding Blockchain for beginners

BY: @najsteem | CREATED: July 2, 2017, 3:23 p.m. | VOTES: 38 | PAYOUT: $0.24 | [ VOTE ]

Ok so before you say those WTF words, understand that the fact that you are here on steemit.com does not necessarily mean you know it all, I meant all about block chain and cryptocurrencies.
Ok don't ask for mi neck coz my head needs it as a seat. This post is typically for the novice who are desperately in need of a simple way to understanding Blockchain so as to explores it's potentials.
So what's Blockchain? Shouldn't we discuss that before venturing into what cryptocurrency is... Bring your hand let me guide you in your journey to acquire new knowledge.
Again what is Blockchain? Blockchain is a digital ledger that records transactions made in electronic, encrypted currencies — just like Bitcoin. It is has simple as that. But wait a minute, is that all ??? No. That's not all. Blockchain can be used for more than just financial transactions — it can also be used to record and verify who owns assets. Plus it can be used to do a million of other things which programmers are still exploring.
https://assets.weforum.org/editor/_DRLsawgrOCG3OwH3VP4o9VuR4HMAsBeRGFZSo_7RPk.png
Check up this image from financial times for even better understanding.
Least I forget I will want you to join our biggest steemit community on telegram telegram.me/steemitdotcom
Meet steemit Guru's on our telegram group and make the best out of your steemit account. See you there.

TAGS: [ #blockchain ] [ #bitcoin ] [ #transaction ] [ #steemitdotcom ]

Replies

@lamex | July 6, 2017, 9:09 p.m. | Votes: 1 | [ VOTE ]

Every beginner need to read this. Is very enlighten. Keep it up

@alphajoe | July 6, 2017, 9:22 p.m. | Votes: 1 | [ VOTE ]

good teaching

@mrengage | July 6, 2017, 9:26 p.m. | Votes: 2 | [ VOTE ]

Nice post

@elbleess | July 6, 2017, 10:25 p.m. | Votes: 1 | [ VOTE ]

Good

@talk2liams | July 6, 2017, 9:29 p.m. | Votes: 1 | [ VOTE ]

this is very educative.... so nice of you

@najsteem | July 6, 2017, 9:48 p.m. | Votes: 0 | [ VOTE ]

You are welcome buddy
Stay tuned do my next post

@tomipsalms | July 6, 2017, 9:35 p.m. | Votes: 1 | [ VOTE ]

Simple and clear for easy comprehension. Thanks for sharing. Nice one... #steemitdotcom

@g-power | July 6, 2017, 9:36 p.m. | Votes: 0 | [ VOTE ]

thanks for the illustration..

@upchrist | July 6, 2017, 9:56 p.m. | Votes: 1 | [ VOTE ]

Simple and easy diagram to comprehend. Even a layman can understand the illustration

@bitfairy | July 6, 2017, 9:58 p.m. | Votes: 0 | [ VOTE ]

Hi, nice post, lemme help you with a clickable version of that awesome telegram group :)

https://t.me/steemitdotcom

bitXL

@steemitboard | July 6, 2017, 11:55 p.m. | Votes: 0 | [ VOTE ]

Congratulations @najsteem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@bitdude | July 7, 2017, 2:20 a.m. | Votes: 1 | [ VOTE ]

I can clearly see that you're having a great moment with Steemit and Blockchain.
Well done Sir, please kindly check out my post

https://steemit.com/bitcoin/@bitdude/bitcoin-arbitrage-opportunity-and-challenges-201772t95656981z

@najsteem | July 7, 2017, 6:42 p.m. | Votes: 0 | [ VOTE ]

Ok ok
Are you following me?
Let me follow back

@geetasnani | July 7, 2017, 3:10 a.m. | Votes: 0 | [ VOTE ]

Good job

@karlxavier | July 7, 2017, 4:46 a.m. | Votes: 0 | [ VOTE ]

God article

@blessingekpe | July 7, 2017, 4:48 a.m. | Votes: 0 | [ VOTE ]

Very educative

@kaybammy | July 7, 2017, 7:13 a.m. | Votes: 0 | [ VOTE ]

Informative!

@humblebitcoin | July 7, 2017, 7:20 a.m. | Votes: 0 | [ VOTE ]

This is nice a great..post you got here

@tanimoxy | July 8, 2017, 6:19 p.m. | Votes: 0 | [ VOTE ]

Insightful

@artez | July 11, 2017, 6:14 a.m. | Votes: 1 | [ VOTE ]

Nice and simple explanation.

@annamarieisms | July 11, 2017, 11:30 a.m. | Votes: 0 | [ VOTE ]

Excellent explanation!! Thank you for sharing!

@bilalhaider | July 15, 2017, 11:31 p.m. | Votes: 0 | [ VOTE ]

lovely post, i love it.. @bilalhaider vote up and follow me maybe

@steemitboard | July 25, 2017, 10:54 a.m. | Votes: 0 | [ VOTE ]

Congratulations @najsteem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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