Marko Aliaksandr | Shutterstock.com “Blockchainisation” is underway and here are 5 areas that will most like be deeply affected by the technology. We’re sure you’ve heard a lot about Blockchain and Bitcoin (check out this insane infographic for some cool, easy-to-digest...
We’re sure you’ve heard a lot about Blockchain and Bitcoin (check out this insane infographic for some cool, easy-to-digest facts).
But what makes Blockchain so special?
Here’s a quick overview: 1. Blockchain is Decentralized:
Blockchain runs on a global network of users’ computers. Each member contributes processing power to the whole, and the network doesn’t function properly without a constant influx of new miners.
2. It’s Public:
On Blockchain, everyone can see everything all the time–it’s 100% transparent.
3. It’s Encrypted:
Blockchain uses robust encryption to maintain virtual security. Aside from a strong external defense, there is no central database to hack in the first place.
Throughout the day and every couple of minutes, Blockchain transactions, which
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