Stuff Simplified

Hi all, Thanks again for visiting my blog. As they say, good things come to those who wait. (Well, technically you guys weren't waiting for this, but good things are coming for you nonetheless :P). This blog is all about crypto-currency (that expensive  Bitcoin, that relatively cheaper Ethereum etc.) [yes, the "hype" around crypto-currency got me] and more importantly, the underlying infrastructure ( BlockChain ) that supports it. With my limited understanding of all this, let me explain it to you guys by answering some simple questions. Also, I have tried to keep the implementation specific details away and this post is only meant to give you guys an intuition of how this stuff works. - What really is a Block Chain? Put simply, a block chain is just a chain of blocks where each block is a list of transactions . If I were to 'jargonize™' it, a BlockChain is a decentralized ledger (records/account book)  of transactions which are recorded in a permanent fa...