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The Wikipedia article on blockchain has this sentence: "From the technical point of view a blockchain is a hashchain inside another hashchain", and that sums it
by fergazen 9y ago
The Wikipedia article on blockchain has this sentence: "From the technical point of view a blockchain is a hashchain inside another hashchain", and that sums it up. The actual blockchain algorithm itself is as simple as that. Period. Full stop.
Of course, most actual APPLICATIONS of blockchain also ADD ON a lot of other concepts, like distributed ledger, distributed consensus, etc. Trust me, i'm not the guy in this conversation confusing algorithms with applications.