Page 21 - Understanding EOS TojuKaka FlipBook

The EOS.IO software should not be confused with
the EOS blockchain. A blockchain is a database or a
ledger that records data in a decentralised way and
secures it with cryptography.

Some people have described blockchains as a series
of “blocks” linked together by “chains” because of
the way it is structured. These blocks record
information such as financial transactions,
agreements between parties, ownership records, Bank
records, health records, pictures of your cats,
Instagram likes, etc.

Normally, users would rely on a central authority, or a
trusted middleman, such as a bank or government
agency, or big corporations to ensure that these
records are not tampered with. But time has proven
that centralized databases are not good enough. They
can be abused by the administrators and there is a
single point of failure which can be attacked by
outsiders.

Blockchain eliminates the need for a central authority
or a trusted intermediary and replaces it with a
network of computers. These computers, called
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