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Re: Frelodr1 post# 149010

Thursday, 02/15/2018 5:57:44 PM

Thursday, February 15, 2018 5:57:44 PM

Post# of 157003
i'll take a stab at this:
1. Blockchain is the combination of software/system/database achitecture (aka the platform) on which transaction software like your digital cryptocurrency wallet or Ike's smart contract-based energy token trading software that he has yet to develop. Blockchain relies on the concept of redundancy where many copies of the same data and software are stored on different blocks on the chain so that they are instantly available for transactions. This makes transactions quick, reliable and accurate. If one point of data suddenly becomes out of sync due to some error or to hacking, it will be instantly autocorrected by the other good copies of the data.

2. Yes it seems like it.
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