Introduction to Blockchain

T. Dylan Daniel
7 min readFeb 14, 2020

An approachable introduction for beginners.

Most people today don’t understand even the basics of the technology that powers blockchain. It’s a fact that this new technology is difficult to relate to anything that has come before. As in the 2017 spike event that took Bitcoin to the moon and got everyone talking, it is now quite apparent that cryptocurrency is not going away. This means that it is time to figure it out for all of us who haven’t gotten around to doing that yet.

Follow the links if you’re curious about any of the topics, feel free to gloss over a few paragraphs if you’re already familiar. Let’s do this as simply and concisely as we can.

Where it all started: Ledgers and Decentralized Ledgers

I was speaking with a friend of mine who is 58 years old and a competent programmer. He’s a serial entrepreneur who has built technology companies in the past. This man is no novice by any means, and yet, the moment the word blockchain enters a conversation, he stops and recoils, essentially calling bullshit on the entire concept of this technology.

He is far from alone. Many in his generation, even including many of the most technologically savvy among them, simply do not see the point of a decentralized ledger. After all, why not just have a spreadsheet? A file, on a server, where you can just go look up the value you’re interested in. You know, old school.

The key benefit of a decentralized ledger is that it doesn’t ever go away.

A decentralized file structure has one benefit that no other technology can offer: immutability. Even CDs and hard drives, film and paper, videos, cassettes, and floppy disks-these forms of media all suffer from one key flaw: eventually, they decay. The files stored on them degrade, become unreadable, and information is lost. Additionally, control of the file centralizes access…

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T. Dylan Daniel

Philosopher. Founder of WIP Publishing & PAGE DAO. Author of Formal Dialectics and Bring Back Satire. https://dylan.cent.co/