Blockchain 2: Technology

In this video, we are going to talk about the basics of blockchain as a technology.

On its most basic level, the blockchain can be understood as a new kind of database, at least this is its original design. What is different about this database is that it is distributed.

Digital databases have been around for awhile now but until recently they have been designed to centralize information on one computer or within one organization. The blockchain though uses a distributed network of computers to maintain a shared database.