Blockchain As A Database
Andrew Wu, Assistant Professor of Technology and Operations and Finance, Stein Research Scholar, and Michael R. and Mary Kay Hallman Fellow at the University of Michigan, explains blockchain as a type of database.
Andrew makes a comparison to DropBox, which is a type of file sharing service. You may also have heard of Google Drive, Apple iCloud, or Mega. Whereas a traditional database is centralized, blockchain is decentralized and uses peer to peer networking to collectively store and share information.
Discussion: What questions do you have about the technical side of blockchain?
Cryptocurrency: Beyond Bitcoin Teach-Out
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