Blockchain Intro in 1 Slide
What is Blockchain and how does it function? How do wallets, nodes and miners manage collectively a transaction journal that is unique, truthful, unchangeable and supported by the majority of the participants?
What is Blockchain and how does it function? How do wallets, nodes and miners manage collectively a transaction journal that is unique, truthful, unchangeable and supported by the majority of the participants?
The current CoViD-19 pandemic and the global measures for containment imposes huge challenges. One challenge consists of efficient and reliable information gathering. How is it that Blockchain can help?
The global CoViD-19 crisis imposes huge stress on individuals, families and also on businesses. For the latter, if bankruptcies occur, does that mean there was no value in the business models?
This Blockchain operational overview allows to acquire a logical understanding of the interactions between the different roles accomplished in a Blockchain protocol.
DLT, distributed ledger technology, is the term adopted by corporations that need a version of Blockchain that doesn’t include the decentralised consensus mechanism. As the latter is the essence of Blockchain, DLT’s are no Blockchains.
Bitcoin mining is nothing else than solving an extremely difficult equation. The solution to the equation LOCKS the inputs in the equation which is the numerical representation of the content of the Blockchain database.
Blockchain applications exist on the intersection of 1) assets, 2) owners and 3) Blockchain characteristics
A banknote and a cryptocurrency are similar as they are both a piece of a database.
Money is nothing else than a benchmark number enabling the measurement, standardisation and allocation of economic value.
The Blockchain consensus system requires that transactions are audited before inserting them in the database. A bookkeeping that has Blockchain transactions as input becomes a pre-audited triple entry bookkeeping!