Dumbing it down — how blockchain works (protocols, gas fees and more)

Examples of different blockchains

  1. Bitcoin
  2. Ethereum
  3. Ripple

Blockchain is a network. Where is the hardware?

Ethereum is most well known for gas fees.

How does blockchain work?

What is a distributed ledger? How is it distributed?

Photo credit to PWC

What is a P2P network and how does it relate to blockchain?

Homework

  1. What types of information do you wish was received without third part oversight?

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