3min chapter

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#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money

Lex Fridman Podcast

CHAPTER

The Blockchain Is a Simple, Brilliant Idea

Blockchain is a data structure that these systems use at least so far. It's where different nodes in the network periodically publish blocks. A block is a kind of list of transactions together with a pointer, like a hash of a previous block. And so you have this chain of them which has a fault tolerance mechanism built into it.

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