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10276975 No.10276975 [Reply] [Original]

Explain blockchain in one sentence.
Bet you can't do it.

>> No.10276987

>>10276975
A Linked list with SHA-256 encrypted pointers

>> No.10276991

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.10276993

>>10276975
globally distributed database

>> No.10276994

>>10276987
this

>> No.10277010

>>10276987
>>10276993
not wrong, but too simple

>> No.10277011

>>10276975
Math coins.

>> No.10277016
File: 71 KB, 1152x720, __patchouli_knowledge_and_remilia_scarlet_touhou_drawn_by_terimayo__597e8e2e780063df1ccde6521b5e21a5.jpg [View same] [iqdb] [saucenao] [google]
10277016

Magic money floating on the internets.

>> No.10277021

>>10276975
Proof of Work autism and lambos

>> No.10277032
File: 55 KB, 617x347, brainlets1.png [View same] [iqdb] [saucenao] [google]
10277032

>>10277010
>too simple
>explain in one sentence

>> No.10277033

>>10276975
The best ledger in all of human history

>> No.10277043

>>10277032
nigger SHA256 isn't a requirement for blockchains. That's implementation details.

Also yes, it's possible in one sentence. Google it again and retry

>> No.10277049

>>10276975

It’s a data structure bro. What the fuck is so hard about that?

Better question: why is bitcoin better than everything else? Readyyyyy go

>> No.10277055

Triple entry digital accounting where information can only be added

>> No.10277080

>>10276975
A scam.
I'm here purely for the money, so I don't give 2 fucks

>> No.10277099

>>10276975
A data structure that ensures with a high percent of certainty that data that represents a form of "online spendable currency" cannot be double-spent even without a central authority or server, by organizing transactions into blocks which have to be locked by proof-of-work which is to hash each block to have a certain number of leading zeroes, so that it cannot be simply altered as it should take huge amounts of computing power to generate such a hash, as well as enforce ordering of blocks by having each block refer to the previous block.

>> No.10277105

>>10276975
Explain molecular biology in one sentence. Bet you can't do it.

>> No.10277111

>>10277080
Moron.

>> No.10277112

>>10277099
no, that's bitcoin (or anything that works in a similar fashion)

>> No.10277118
File: 32 KB, 600x683, spedepasanen.jpg [View same] [iqdb] [saucenao] [google]
10277118

>>10277099
>A data structure that ensures with a high percent of certainty that data that represents a form of "online spendable currency" cannot be double-spent even without a central authority or server, by organizing transactions into blocks which have to be locked by proof-of-work which is to hash each block to have a certain number of leading zeroes, so that it cannot be simply altered as it should take huge amounts of computing power to generate such a hash, as well as enforce ordering of blocks by having each block refer to the previous block.

>> No.10277126
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10277126

>>10277105
>molecular biology
Molecular biology /məˈlɛkjʊlər/ is a branch of biology which concerns the molecular basis of biological activity between biomolecules in the various systems of a cell, including the interactions between DNA, RNA, proteins and their biosynthesis, as well as the regulation of these interactions.

>> No.10277157

>>10277111
keep watching "the tech" menahwile I'm making money regardless if this scam is mooning or crashing because I'm not emotionally attached and If I feel like shorting I will do it in a hear beat. The only use case for blockchain that actually looks interesting and I would ever needs are simply payments so once bitcoin if faster and cheaper to transact all other shitcoins can die if you ask me. They are all solutions (shitty ones at that) to non-existing problems

>> No.10277161

>>10277112
> that's bitcoin
That's definitely NOT bitcoin.
Bitcoin is a SPECIFIC online currency, that is the data structure, bitcoin is NOT the data structure.

The only thing I see that may be disputed in my statement is the proof-of-work part (as it may use another consensus mechanism like proof-of-stake), and the leading zeroes part.

>> No.10277177

>>10276975
its a encrypted distributed database

>> No.10277180

>>10277161
neither does it have to incorporate a spendable currency of any sort.

>> No.10277189

>>10276987
SHA is a hashing algorithm, not encryption. This is like Cryptography 101 and there is a huge difference. Also the specific hashing algorithm depends on the blockchain. And it doesn't really matter that they're hashed pointers, what matters is that the pointers are checksums of all previous data.

>> No.10277215

>>10276975
Yes I can. Blockchain = Wysker: http://www.wysker.com/s/946/

>> No.10277217

>>10277180
True, I should've said that it ensures the state of addressable data variables at a specific block without a central authority... etc. etc.

>> No.10277240

>>10277217
>without a central authority
that's also not a necessity. After all it's just a datastructure, isn't it :^)

>mfw nobody can explain blockchain

>> No.10277247

>>10276975
Blockchain is a distributed ledger database technology with special data validation function which can, but not must, be used for trustless information transfers

>> No.10277259

>>10277240
That's the entire point though.
If you have a central authority, then it's just a database.

>> No.10277265

>>10277259
ok, I'll give you brainlets a hint: distributed yet mutable

>> No.10277267

>>10277240
>mfw nobody can explain blockchain
Nope, you're just nitpicking as a lame attempt at trolling, and I'm just playing along because I have nothing better to do.

>> No.10277276

>>10277259
That's not true.
Banks will use it for fast and reliable asset transfers. Still centralized in terms of only banks will run the nodes

>> No.10277283

>>10277265
It doesn't even have to be distributed LOL.
You can literally chain blocks locally on your own machine, hash each block yourself, and be the single node.

Ha see I can nitpick too.

>> No.10277289

>>10277283
that's called a linked hash map

>> No.10277297

>>10277276
You're just fudging the definition of central in this case.
They don't trust each other hence they use a blockchain, that's not "central authority" in that there's no single server that dictates the values.

>> No.10277305

Use link to get free airdrop::
wysker.com/s/23

>> No.10277315

>>10277297
>there's no single server that dictates the values
oh, look. Isn't that missing from your definition

>> No.10277318

>>10277289
That's... not what a linked hash map is at all.
Linked hashmaps don't even have "transaction blocks" like I stated in my definition.

You make TERRIBLE mistakes, like defining "what bitcoin is" above and now what a "linked hashmap is", I am forced to believe YOU don't actually know what a blockchain is LOL.

>> No.10277330

>>10277318
that's precisely what a linkedhashmap of blocks of transactions is.

hint: you're missing precisely the part that differences this from blockchain

>> No.10277341

>>10277315
That's what I meant when I said "no central authority", but you fudge definitions, none of your nitpicks count.

Plus you lost all the right to nitpick when you defined "what bitcoin is" and "what a linked hashmap is" in a COMPLETELY WRONG manner.

Sorry, whatever credibility you had in my eyes when I went into this thread was lost in those two responses, so I'm not replying anymore. Bye.

>> No.10277352
File: 62 KB, 1200x600, consensus-2018-day-two-canadian-blockchain-innovation-1200x600.png [View same] [iqdb] [saucenao] [google]
10277352

>>10277341
ok ok, one more hint for this brainlet

>> No.10277369

>>10277080

Kill yourself

>> No.10277384
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10277384

>>10276975
Global, distributed, trustless digital ledger.

>> No.10277403

>>10276975
EXPLAIN OP'S AIDS INFESTED POOPER IN ONE SENTENCE

>> No.10277407

>>10276975
Ponzi scheme that will make me rich.

>> No.10277429

An easy way to make money.

I actually have no clue how it works. But I made 11 thousand dollaroos so you could call me a fan

>> No.10277434

>>10276975
"A device for transfering wealth from impatient to patient."
- Craig Satoshi Nakamoto Wright

>> No.10277433

>>10276975
electronic currency double spending preventor

>> No.10278034

>>10276975

Network that chains blocks of information in a digital ledger.

>> No.10278100

>>10277403
STINKY.