facebookHow is blockchain used in bitcoin? Does blockchain simplify the process of bitcoin in any way? If yes, how? - Seedly

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Anonymous

30 May 2020

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Cryptocurrency

How is blockchain used in bitcoin? Does blockchain simplify the process of bitcoin in any way? If yes, how?

SeedlyTV S2E09

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If you happen to have Netflix in subscription, there is this series called Explained, where one of the episodes explains how bitcoins and block chain works. Find it useful for general understanding.

Blockchain is open, distributed database. This means that information on the database is duplicated across many computers. Bitcoin uses this technology for its transactions to allow for transparency.

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