Blockchain Oversimplified

Blockchain Oversimplified

Blockchain
The mysterious black box of blockchain. Explained. - CHARLES STACK -    One reason that explaining blockchain is difficult is because, while it is a relatively simple technology, it enables an array of very wide ranging new opportunities.   Here is the first of my oversimplified deciphering.   Blockchain is a bunch of really small, encrypted files (blocks) that are linked together (chained) and distributed across the Internet. One of the biggest advantages of this new architecture is that digital files can, for the first time, be unique and decentralized.  This combination of uniqueness and decentralization  lie at the heart of why blockchain is enabling a powerful disruptive wave of innovation.   Blockchain developments currently fall into three loose categories: currencies, commodities, and tokens. [caption id="" align="alignnone" width="923"] Image from crypototem…
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Adventures in Blockchain

Adventures in Blockchain

Blockchain
- CHARLES STACK -  I have been casually following blockchain for a number of years now. About eight years ago, I made a small investment in bitcoin. That investment grew a lot and then shrank almost as much. My early investigations resulted in an initial conclusion that cryptocurrencies would be interesting, but limited. That was wrong. Cryptocurrencies were just the beginning of what now is clearly a blockchain revolution.                     (more…)
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