RE: BLOCKCHAIN FOR DUMMIES - what would be your explanation? [question from my recent interview]
How would you explain what blockchain is about to someone who doesn't know anything about blockchain?
I think it's a very serious question when explaining to a newbie . I will get a approach like this.. Simply bockchain means a technology used for transaction record keeping. There are two parts in this word. "Block" and " Chain" . Blocks keeps all the information like what who where howmuch like that .. and there is a something called "hash" for each block .. something like a unique id which make each block different from each other. So the whole public database which all these blocks attached is the "chain". That's what blockchain is ..
But this should be explained with a transaction example to get a clear idea.