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/biz/ - Business & Finance

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28541694 No.28541694 [Reply] [Original]

lmao the fuck is a "blockchain" anyway?

>> No.28541789

>>28541694
it is a thing in which a vishnu lives

>> No.28541821

>>28541694
each block contains information and the blocks are chained together. this provides immutable data storage

>> No.28541888

>>28541694
it's a chain of blocks lmao

>> No.28541934

>>28541888
checked. gmi

>> No.28542011

>>28541694
a series of tubes

>> No.28542120

>>28542011
checked. this is basically synonymous with blockchain if you think about it

>> No.28542179
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28542179

>>28541694
Fuck knows. All I know is that I be gettin dat paper.

>> No.28542192

>>28541694
It’s where I put my chain in your mom’s block if you know what I mean ;)

>> No.28542201

Its a private ledger that records where every dollar has ever been and what it was spent on.

Its a recorder for currency

I think anyway

>> No.28542285

>>28541694

dude, like a tally stick, lmao

>> No.28542290
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28542290

>>28541694
6 figures porfolio here and i legitimately have no idea

>> No.28542362
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28542362

>>28541888

>> No.28542484

>>28541694
If a mad scientist were to create a physical block chain, it would be superior to supercomputers. Imagine a dirt block from minecraft. Now imagine the whole minecraft seed a square, dirt block. Now imagine if 1, 10, 100 billion dirt blocks forming a bigger dirt block, and every dirt block touches all the other dirt blocks, with no latency between the distance of the blocks.

>> No.28542701

>>28541694
It's a thing based god tier coins like API3 lives on.

>> No.28543334

>>28542201
wrong
>>28541694
Inside the bitcoin's code there is 'world' of blocks. This is a bit of a simplification, but I'll explain in more detail. In short, these blocks need to talk to one another and do digital handshakes to arrive at a consensus about their price. When the price goes up, the blocks are chained together to formalise the price change. When it goes down, the chains break. The problem is, bitcoin is a little slow. You may have heard of chainlink, which has solved the oracle problem and it's a lot faster. That's why you see a lot of people saying chainlink will eventually replace bitcoin.