What is blockchain? [10% ʙᴇɴᴇғɪᴄɪᴀʀɪᴇs ғᴏʀ @sʜʏ-ғᴏx🦊]

First of all, many people think that Bitcoin means blockchain. But in fact it is a misconception. Bitcoin is just one part of the blockchain.

I think it's in the middle of the name. Blocks and chains. Each block is bound as a chain in a different way. This is my opinion. I think any subject should be understood in a simple way.

I think the time is coming very soon when everything will be blockchain based. A special reason for this is that blockchain is a very secure platform. Each block is associated with another hashtag. So a hacker can't hack it easily even if he wants to. Because even if a hacker hacks a block, it will not be profitable if it does not match the hashtag of the next block.

Many of us think that blockchain is only cryptocurrency based. But in fact it is a misconception, blockchain we can use anywhere. These blockchains are used to permanently store different types of content. Nft has come up with a new technology in this blog. Through this a data of all transactions is stored in a specific ledger. It cannot be changed, only the owner can change his ownership if he wants. Blockchain is basically a secure platform.

Many of us think blockchain is a new method but in reality that idea is not correct. Blockchain was first introduced in 1992 but has not been fully publicized since. Then in 2002 the blockchain was fully published by a scientist. Even after this, the general public did not show much interest in the blog chain. But when the bitcoin was released in 2008, blockchain was first used there.