I understood that bitcoin uses blockchain technology to maintain a decentralized ledger of all transactions. I have also read many posts/online resources eluding to future applications of blockchain technology, none of which have been very clear to me.
Is blockchain technology simply a decentralized database with consensus validation of the data? If this was the case surely the dB would grow to be too large to be effectively decentralized?
To help me understand, can anyone point me to a clear example of a non-bitcoin blockchain application?
Pursuing - removed -
Is blockchain technology simply a decentralized database with consensus validation of the data? If this was the case surely the dB would grow to be too large to be effectively decentralized?
To help me understand, can anyone point me to a clear example of a non-bitcoin blockchain application?
Pursuing - removed -
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