What is Blockchain?

in #steemit • 6 years ago

What does blockchain do?
Being a peer-to-peer network, combined with a time distribution server, Blockchain databases can be managed autonomously to exchange information between disparate parties. There is no need for an administrator. In effect, Blockchain users are the administrator.

In addition, Blockchain networks can be used for "smart contracts" or scripts that run automatically when certain conditions are met. For example, the Ethics of Ethics exchange users must comply with predetermined conditions that show that someone owns the cryptocurrency and has the authority to send the money it claims. In addition, Blockchain users can create contracts that become a set of inputs to activate a transaction.

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#economy
6 years ago in #steemit by
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     6 years ago  

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