Chapter 1. What Is Blockchain?
What is blockchain?
Ask 50 technology leaders this question, and you’ll probably get 50 different answers. Most business leaders know that blockchain is an important technology that’s changing the world, but they struggle to simply explain it. They grasp the main concepts, but when they try to put them into plain language, everyone ends up more confused.
Most blockchain experts, on the other hand, struggle to explain it simply. It’s as if you asked them to explain a car, and they launched into a 10-minute monologue about the physics of internal combustion engines. Meanwhile, you’re thinking, I really just wanted to know what makes a car go vroom.
Simplifying is difficult, so we’ll work hard to make things simple.
In this chapter, we’ll explain what blockchain is, with easy-to-understand examples and diagrams. Through our writing, speaking, and consulting work, we’ve tested these examples with thousands of people worldwide, so we know they’re useful, understandable, and (most important) memorable.
So even if you’re an expert, this section is worth reading. You’ll benefit from having a common language with which to talk about blockchain, using words that will resonate, making your voice echo in distant lands.
If you’re a beginner, you’re in for a treat. These are the stories of the great blockchain pioneers, the visionary geniuses who built this technology that we love so much.
But first, we need to answer that simple question: what is blockchain? ...
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