What is blockchain?

  • Posted July 18, 2018

Being a proponent of cryptocurrencies, it is obvious that mass adoption is still a long way off.

The price of 1 bitcoin topped at nearly $20,000 in late 2017. While that generated some interest, most people still have no idea what that means, or what they can do with it.

Bitcoin is a decentralized distributed cryptocurrency (digital currency) without a central bank. It has a fixed supply, so no government or administrator can create coins out of thin air, like the Federal Reserve.

Bitcoin is the most popular crypto, but there are thousands of other cryptocurrencies and tokens which address literally all aspects of human life. People are working to improve not only payment systems on the blockchain, but also healthcare, insurance, real estate transactions, information, voting, etc.

Improvement is good right? But before we get into learning all the different coins, what they do, and how to trade them…we all start at this first question. What is the Blockchain?

What is the Blockchain?

Instead of typing out how blockchain works, it may be easier to absorb through some tutorial videos. In about 40 mins, you can see all of the videos, and have a better understanding of what is blockchain. In the final video, you can actually see blockchain in practice.

 

If you are ready for more information beyond “What is Blockchain”, and want to learn how to trade cryptocurrencies, let me know.  I can recommend a full paid course that is not my own. Also, I can personally give you some tips, and if you want some more coaching beyond that, I can do so for a nominal fee.

Any questions or comments, fell free to do so below.

Travis

JMJ – UIOGD

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