I'm sure for those in the cryptocurrency world, blockchain is a term you hear a lot, but how many of you know what it means? Today, my sister is going to talk to you about what exactly is blockchain?
First of all, don't think of blockchain in a complicated way. In fact, blockchain is quite simple; it is essentially a database storage system that is distributed across the globe and is capable of functioning in concert.
However, unlike other database storage systems, this one can be run by anyone who has the ability to set up a server.
In the past, traditional database storage systems could only be operated centrally by one company or one center, exhibiting a centralized character.
Blockchain is the exact opposite of this and has a decentralized character.
Around the world, any "gold digger" who sets up a server and connects to the blockchain network becomes a node in the grid of the system, and all nodes have the same rights and obligations and can write and read to any node of the database system.