Blockchain 101
In this post I will attempt to outline common blockchain terminology along with the pro’s and con’s of new projects or processes. I will continue to add to this over time as new terms crop onto my radar or are created. Feel free to comment term requests if you have others to add. Blockchain – Blockchain is a decentralised (distributed and shared), record or ledger which is public and ever growing. Each user of the blockchain holds a copy (updated by consensus) and each user can validate what is and what is not included on the blockchain making it a secure and trustless process. Cryptocurrency – is a digital asset…
What’s the fuss about blockchain?
Digging into what the blockchain is and how it works instantly blew my mind. It feels as though we are in the early stages of something huge, the difference between pre and post internet. Blockchain has been been with us for some time now with the introduction of Bitcoin in 2008. But we are still on a journey of uncovering all of the gifts, tools and changes that blockchain can provide us with. It has the capability to completely revolutionise the way in which we live and work, now and even more so in our future. There has been an evolution in blockchain and there will continue to be, as…