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Showing posts from August, 2019

How Does Bitcoin Work?

How Blockchain works. First, let's see  Blockchain as a database or a Library;   If someone has borrowed a book that you want to borrow, you can request the library to notify you when that book is returned, but the library won't tell you the details of the person that borrowed that book The person that has that book maybe in your hostel. Closer than the library for the both of you, but you can't go to their house and ask them if you can borrow it from them. The library maintain the central database of all the information of books borrowed and doesn't share it with the students. Now, imagine a shared library where you contribute your books and allow people to borrow them from you.   You probably have lots of books that other people would want to borrow from you, and there are likely many other people that have books you would want to borrow and read In this example of a shared library, anybody can join, and when they borrow books, they can also lend