In the course of trying to explain the relationship between blockchain and Bitcoin, I came up with the following. Hopefully this is an accessible explanation.
A blockchain is a chain of transaction blocks that are structured in a way that allows you to verify whether the transaction history is internally consistent.
In order to make it as hard as possible to alter history, we need a strategy to agree on what which history is correct, called a consensus mechanism.
Bitcoin secures its blockchain by using a consensus mechanism called proof of work, allowing it to come to agreement on which history is correct without a central authority.
jitters1254 / Jittering Blender
npub12p…x6r3e
2024-01-29 13:50:27
Author Public Key
npub12p82gc4svdusfqdxacsnn8xec5lygcj8t6y6tek2g6p2y0u2p8rqlx6r3ePublished at
2024-01-29 13:50:27Event JSON
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"content": "In the course of trying to explain the relationship between blockchain and Bitcoin, I came up with the following. Hopefully this is an accessible explanation.\n\nA blockchain is a chain of transaction blocks that are structured in a way that allows you to verify whether the transaction history is internally consistent. \n\nIn order to make it as hard as possible to alter history, we need a strategy to agree on what which history is correct, called a consensus mechanism. \n\nBitcoin secures its blockchain by using a consensus mechanism called proof of work, allowing it to come to agreement on which history is correct without a central authority.",
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}