What Is a Block Chain?

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A block chain is a public, transparent ledger of transactions or other state changes. Block chains use some sort of consensus algorithm to say that any one who is running a note on this networks has the same record of transaction. So its that shared consensus, which is the desentralization that always comes up in these conversations.

The Web3 world—blockchain, cryptocurrency, NFTs, and more—seems to be everywhere these days. And, as analysts, how could we not salivate at the idea of a data set that is just one flat, immutable, ever-growing table with a handful of columns (aka… a blockchain-powered public ledger)? We sat down with Anthony Mandelli from Coin Metrics to see whether Tim and Moe could be moved from "totally clueless" to "barely knowledgeable" on the topic in a single hour (Michael was already a knowledgeable enthusiast). The jury is out as to whether we were successful, but stay tuned for the upcoming announcement of the Analytics Power Hour DAO we're starting up (we're minting RockFlag coins to make it happen). For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.