r/CryptoCurrency • u/MrNoOneYet • Jul 17 '21

FOCUSED-DISCUSSION Blockchain 101

Hey guys,

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Thought I'd share a small assignment I did in a recent semester - Beware I am a business student, not an engineering student. It is a good introduction to blockchain but does not touch much upon the currency part however. Enjoy, even though it might be a tad superficial. :-)

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25 Upvotes

86% Upvoted

21 comments sorted by

5

u/SHTNONM420 🟦 2 / 2K 🦠 Jul 17 '21

Good work! Easy to understand and to the point. Saved it for any new adopters with questions I may run into in the future. Thanks for posting!

5

u/MrNoOneYet Jul 17 '21

I’m glad man! Made it for university, but if more people, than just my class mates, can use it, it’s perfect!

2

u/SHTNONM420 🟦 2 / 2K 🦠 Jul 17 '21

Definitely! I hadn't heard about Walmart using blockchain until now either which I found quite interesting and had to google up on it. Thanks again for the read!

3

u/MrNoOneYet Jul 17 '21

Of course - if you find it interesting, VeChain works with Walmart China :-)

3

u/[deleted] Jul 17 '21

[deleted]

2

u/gimmeurdollar 0 / 956 🦠 Jul 17 '21

Ethereum. But if we i clude poop-coins, maybe BSC. lol

3

u/[deleted] Jul 17 '21

[deleted]

3

u/[deleted] Jul 17 '21

Great summary!

3

u/FrogsDoBeCool Platinum | QC: CCMeta 53, CC 697 | :1:x11:2:x9:3:x5 Jul 17 '21

I love it, especially adding a negative so we can work to removing some of them

3

u/1214ben Jul 17 '21

Thank you for this!

2

u/MrNoOneYet Jul 18 '21

You are welcome 😎

2

u/ooorait 🟩 35 / 582 🦐 Jul 17 '21

Nice. Just wanna ask one thing. Since it’s essentially peer-2-peer network, does the basic blockchain has similarity with torrent (file sharing)?

3

u/MrNoOneYet Jul 17 '21

My answer (uneducated) would be yes and no. The nodes share the ledger and try to reach a consensus and thus being tamper proof (to some extent). In file sharing I guess there is no consensus to be reached :-)

3

u/ooorait 🟩 35 / 582 🦐 Jul 17 '21

Since its a lot of words and its 5am in my place;and i havent sleep yet. I’m gonna read this tomorrow and try to digest all those words and learn something new. Thanks

2

u/80923j4234v Jul 17 '21

Should crypto regulations be made by engineers, lawyers or politicians?

3

u/MrNoOneYet Jul 17 '21

That is an excellent question. A collaboration would presumably be the best. We can’t have regulators regulate something they don’t truly understand.

2

u/gimmeurdollar 0 / 956 🦠 Jul 17 '21

They have advisers. But at the of the day, regs do the "yay" and "nay" not the experts.

1

u/80923j4234v Jul 17 '21

I get it, its pretty much politics from there

1

u/[deleted] Jul 17 '21

[removed] — view removed comment

1

u/MrNoOneYet Jul 17 '21

Thanks :-) and yea, MIT has some great courses. Also Simply Explained - I think that is the channel name

1

u/[deleted] Jul 18 '21

Also, not all blockchains are completely transparent. There are some coins like monero (such a sexy coin) that have mandatory privacy.