November 2018
Beginner to intermediate
88 pages
1h 46m
English
Content preview from Understanding Cryptocurrencies
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How a Blockchain Is Expected to Change Various Record Keepings
Blockchain to Expand Beyond Cryptocurrencies
The two Bs, that is, bitcoin and blockchain, have been gaining attention worldwide. Though bitcoin was developed on blockchain, a blockchain is not a platform merely for cryptocurrencies only. A blockchain is a digital ledger of transactions those are publicly and permanently available to the users, without the need of an expensive third-party intervention. The transactions are secure, anonymous, and irreversible. This very nature of the blockchain makes it usable for many other purposes or commonly called use cases. Ethereum went ahead another level by creating a blockchain platform for decentralized applications (dApps).
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