Blockchain: What is it?
Now we come to the central theme of this article: what is blockchain. It is a kind of database, where all the information about Bitcoins transactions is stored. The cool thing is that this great file is accessible to all users.
That way, you can access this database through your computer and see a negotiation that took place between two people: one in China and another in Germany, for example.
The details about who are involved is not possible to know, because everything is encrypted. But you know that the transaction has taken place and that it is recorded in the blockchain forever.
And we speak forever in the literal sense. After all, you can not undo or change a transaction after it has been inserted into the system. That is, you can not go back if you have regretted selling your Bitcoins. Is it clearer now what is blockchain?
Briefly: blockchain is a chain of blocks, hence the name, which are part of a collective registration system. This means that the information is not stored in one place, because instead of being stored on a single computer, all information in the blockchain is distributed among the various computers connected to it.
Now that you know what it is, what about moving on and understanding how this technology works?

Bitcoin and Blockchain: how does it work?
It may seem very complex at first glance, but understanding how blockchain works is not such a difficult thing. The technology is quite innovative and is one of the reasons why Bitcoin has won the graces of investors around the world.
The word blockchain already gives part of the process: as we said, it is a chain of blocks. Each block is made up of various information about the various transactions and has a unique digital signature, called a hash or proof of work. This signature works like a fingerprint of the block and helps to give more security to the process, since everything is encrypted.
This hash acts as a link between the blocks, since a block carries its own hash and also the hash of the previous block. With this, the chain, or chain, is formed that connects several blocks of information with each other.
Those responsible for gathering the information in blocks and joining a block to the other are the miners. You probably have heard of them, have not you? These people gather the transactions that have not yet been inserted into a block and add them to the blockchain with the right hash.
However, to do this, you must perform complex calculations, which today are only done by several powerful computers. As a counterpart, the miners receive a reward in Bitcoins for the service provided by validating the information.
Each block has a maximum capacity and is created in a constant rhythm, like a beat of a song or a heart. In the case of Bitcoin, new blocks are added to the network every 10 minutes approximately.
Thus, in that period of time, several purchase or sale transactions of Bitcoins between users are verified and added to the blockchain. Only after an entire block is filled and verified is that a quantity of the coin can come out of the user's wallet he has sold and pass into the purse of the purse he purchased.
If you are logged in to the network, you can see the encryption for that same transaction. However, without being able to see the identity of those involved or change this process. Because these blocks are sealed by very complex cryptographic codes, it is practically impossible to violate them and tamper with the information contained in them.

A million dollar failure being paid with $ 15mil by Google

A robbery of 79 Bitcoins, equivalent to R $ 1.7 million today, caused Google to be convicted by the São Paulo court to pay R $ 15 thousand in compensation for moral damages to the user of Gmail Wagner Alexandre Ferreira. The company will also be fined $ 1,000 a day if it does not provide the data to help identify the hacker.
Ferreira moved the action in September 2017. He recounts in his petition that on August 30 of that year his Gmail account had been hacked. This account included data such as login and password to access your wallet which contained a little more than 79 bitcoins.
The process of nº 1090359-77.2017.8.26.0100, that was running in secret of justice, processed in the 30th Civil Court of the Region of São Paulo. The decision ultimately became the provisional injunction (sort of injunction) for Google to provide all necessary information regarding access to the account within 48 hours prior to its exclusion.
This information includes "IP address, usage data and preferences, identification of products used in the access, server records, unique identifier of the devices (ID), details of the use of the requested services, and aspects of location of the users ) ".

Google's Defense
Google's argument that it could not disclose the IP data because the transaction would have occurred abroad was dismissed by the Brazilian courts.
The company in its defense had stated that "it only has the legal obligation to store data of IP, date and time, in accordance with the Civil Frame of the Internet".
In response, the Justice simply pointed out that the Internet Civil Law Act "is not, in the world of law, the only instrument capable of legally binding a person."
Therefore, Google has the restricted obligation to store the access information, including data such as time, date and IP addresses, even though this is in the privacy policy of the accounts of that company, which, as stated in the sentence , is applicable to any user of its services.
User responsibility
Despite this, the judge ruled out Google's responsibility for the lost bitcoins that were worth R $ 1 million at that time. In the ruling it is stated that there is no civil liability in repairing the material damage, since the user of the Gmail account is that he should take the necessary precautions with his passwords.
"Keeping the password for accessing the bitcoins portfolio in the e-mail is similarly equivalent to keeping the bank password next to the corresponding card, revealing the negligence with which the applicant stored confidential information, the sole fault for the loss of the amount in crypto-coins. "
The court denied this request for Google to compensate for the 79 stolen bitcoins, but acknowledged that the case was not a mere scam and brought moral damages to the user who lost more than $ 1.7 million in bitcoins.
In this way, Google was ordered to pay R $ 15 thousand of indemnity for moral damages suffered, which must be corrected by the table of the Court of Justice of São Paulo, from the date of this sentence, to the actual payment and plus interest of 1% per month from the date of service.