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Data storage - distributed networks Blockchain technology simply explained - Definition & Applications
What is Blockchain technology and what can the Blockchain do at all? Here you can find out what you need to know about Blockchain - the basics, the functionality and the application areas of Blockchain simply explained on ETMM!
What is Blockchain? Blockchain is a special type of data storage. Information is not stored on a central computer, but in distributed networks, i.e. on several servers. Each of them manages a complete copy of the data. If one computer fails, all the information is still stored on all the others.
Chip.de provides another definition:"A Blockchain is a database. It contains transaction records and is constantly growing. The Clou: The Blockchain represents a web-based, public and decentralised accounting system. This means that every computer that is part of the network manages a complete mirroring of the Blockchain."