What is the Blockchain?

Blockchain, when we hear this term, the first thing that comes in our mind is cryptocurrency. Blockchain is actually a record-keeping technology which is used in the cryptocurrencies. Bitcoin is the first widespread application of blockchain technology.

In 1991 Stuart Haber and W. Scott Stornetta have first outlined the blockchain concept to make a system where timestamped documents could not be altered. Because of the huge success of the Bitcoin, it became a miss understood fact, just like believing sharks are hungry man-eaters after seeing the sharks attacking humans in the movies. In this post, we are going to see what the blockchain really is and the big picture about it.

Read more at: Bread and butter blockchain by Francesco Carlucci.

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