What is a blockchain? An explanation for beginners
The cryptocurrency Bitcoin has been the focus of general interest for some time now, and with it, often the blockchain technology that makes this concept feasible in the first place. But what exactly is blockchain, and is the hype surrounding the technology justified? One thing right away, this technology you can also find to do your latest sports betting.
Definition: What is a blockchain?
The term blockchain comes from the English language and means blockchain. The “blocks” stand for individual data records stored one after the other, creating a kind of data record chain.
In principle, the blockchain is nothing more than an extensive database that starts with an original block to which new data blocks are added chronologically after they have been checked and confirmed. It, therefore...