This blockchain focused portion of my web site is currently under development.
Within these pages I will be featuring and reviewing various blockchain based technologies as well as cryptocurrencies for my own personal benefit and analysis. The information within would not constitute advise nor recommendations of any kind. This is a highly speculative sector with many pitfalls.
To the uninitiated, Blockchain is most likely a thing that a bunch of geeks came up with to speculate and gamble with. Rather, it was originally conceived as a way to break free from the control and manipulation of central banks. A libertarians dream come true, to which I am partial.
At first, blockchain can be difficult to grasp since there is nothing tangible to visualize. Rather it is simply a digital list of records, called blocks, that are linked using computer based cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Unlike most computer programs, were security is an afterthought, the blockchain was built with security and trust as a preliminary and fundamental requirement. Data within a blockchain is resistant to modification due to its distributed ledger that can record transactions between two parties in a verifiable and permanent way. Because of this verifiable and built-in trust we can build communities.
The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The Bitcoin design has and continues to inspire all kinds of new and interesting applications each with their own enthusiastic community.
The possibilities seem endless to me and I believe that the blockchain is either a godsend or a siren leading many, myself included, down the path to the rocks of regret and remorse. At least I can take comfort in knowing that I won’t be the only one stranded, cut up and bruised.
Cryptocurrencies are digital “assets” designed to work as a medium of exchange within computer networked environments. They are typically virtual but can sometimes be printed out in the form of a QR Code and is typically not issued by a central authority.
Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
More on specific cryptocurrencies coming soon.
Have a question regarding any Blockchain cryptocurrency?
Let me know, but do not ask for trading advice.
An Blockchain Exchange is an online cryptocurrency trading platform. One of the current popular platforms is Binance (named as a play on Bitcoin Finance perhaps) which was first launched in mid-2017.
More on the various individual exchanges coming soon.
Have a question regarding Blockchain exchanges?
Let me know, but do not ask for trading advice.
