I will try and be as clear and simple when talking about blockchain and not blow your mind with fancy words and stuff like that, not that I have many fancy words in my vocabulary.
Blockchain was the brain child of Satoshi Nakamoto the man behind bitcoin. Its key function is to allow the digital sharing of information not copied. Which means no one person is ever in control of a digital asset. It allows everything to be decentralised that is using the blockchain.
"The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” Source
Think of the Blockchain as a massive jigsaw that thousands of people have single bits of that jigsaw and these bits keep moving around to different people it is next to impossible to loses these bits.
When you talk about bitcoin people talk about is it safe to use and this is where understanding how the tech behind it comes into affect i.e Blockchain. If you compare blockchain technology to your bank you will soon understand how safe it is.
I will finish up with a statement form Vitalik Buterin, inventor of Ethereum;
“Blockchain solves the problem of manipulation. When I speak about it in the West, people say they trust Google, Facebook, or their banks. But the rest of the world doesn’t trust organisations and corporations that much — I mean Africa, India, the Eastern Europe, or Russia. It’s not about the places where people are really rich. Blockchain’s opportunities are the highest in the countries that haven’t reached that level yet.” Source
I am also aware that I have left out a lot about blockchain but hopefully this will give you a little understanding about it. Another very good resource is https://blockgeeks.com to give you a more in depth understanding.
P.S If your confused that is fine as I am still confused after writhing this :)
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