Blockchain sounds complicated, and it certainly can be, but the basic concept is really simple. A blockchain is a type of database. To understand blockchain Before that, it helps to understand what a database really is.
A database is a collection of information that is stored electronically on a computer system. The information in a database, or data, is usually formatted in a table format to make it easier to find and filter specific information. What's the difference between using a spreadsheet to store information instead of a database?
Spreadsheets are designed for one person, or a small group of people, to store and access a limited amount of information. Have been prepared. In contrast, a database has been developed that can hold a large amount of information, which can be quickly and easily accessed by any number of users at once, can be filtered.
Large databases are accessed by housing data on a server made up of powerful computers. This server can sometimes be built using hundreds or thousands of computers, requiring computational power and storage capacity for multiple users to access the database at the same time. Although a spreadsheet or database can be accessed by any number of people, it is often owned by a business and managed by a designated individual based on its work and the data contained within Full control.
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