Most people have come across the term blockchain but few can tell you what it is, let alone how it works. In the Beginner Level, we will focus on the main ideas and value propositions of Blockchain without getting technical about it. In this first chapter, we will look at blockchain in two different ways.
1. Blockchain as a Data Structure
The first article of this chapter explains how a blockchain stores data and why this makes the data secure.
2. A Protocol to Transfer Value
One of the great innovations of the blockchain boils down to being a protocol to transfer value. Here we compare blockchains as a protocol to transfer money with the postal service as a protocol to transfer information.