>>2332136
From my understanding the blockchain is just a bunch of blocks that are linked in sequential order by SHA256 hashes. This makes it secure because if you change any part of the block it would change the SHA256 of that block and change all future blocks SHA256 hash, making it incredibly secure since everyone has to download the blockchain to come to a consensus on which hash is the correct one.

Prove that you have a lot of bitcoins:

1PAQJrNoGwwiVFM4vGBubC3cbvNb9xvQex

Then I will explain it

Think of it as a decentralized database.

>>2332187
SHA what the fuck?

How is it any different to traditional banking?

>>2332211

Sent :^)

>>2332136
>shit ton of bitcoin
define "shit ton"

gox and bfx are websites not blockchain.

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825KB, 700x700px

>>2332187
^This

>>2332238
SHA256, the encryption algorithm that changes depending on the input, but keeps the number of characters in the hash the same regardless.

think of it as a ledger that everyone on the network has a copy of.

Everyone has a record of all the transactions that have happened.

The mining nodes are the ones solving the equations to confirm that a transaction happened, and they're rewarded with BTC.

If you try to hack the systme and givey ourself over 9000 bitcoins, it won't add up with the ledger everyone else has, so it won't work m9

>>2332238
Sha256 is a trype cryptic hashing algorithm. It is a function that only goes one way. You put in an input and it creates a unique output string that can't be reversed

>>2332261
give this goy a fine reward

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77KB, 1280x720px

>>2332243

I have 0.2 bitcoin

pls no bulli