13 | Neha Narula on Blockchain, Cryptocurrency, and the Future of the Internet
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
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The Block Chain, It's Like a File
The block chain is a set of ones in zeros, right? It's not just one file. It's a file that exists on many computers at once. And whenever any transaction happens with bit coin, you add that to everyone's file. The reason it's called a block chain in particular is because instead of adding transactions one at a time, you group em together in a set and then stick the set on to the end of the file. So it's just sort of like a batching mechanism. You just put em together in one chunk. That's kind of the puzzle that everyone's trying to solve on their computer. It's like their throwing dice, generating random numbers until
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