Has trying to understand blockchain ever left you dazed and confused? Sick of hearing nonsense like SHA256 algorithms and byzantine fault tolerance? Just want to know what the hell blockchain is and why people keep talking about it?
Well you’re in luck. In this article, I’ll explain in plain English what blockchain is, how it works and why it’s so important in less than 1000 words. Let’s get to it.
What is blockchain?
At its core, a blockchain is not so different from a regular database. It stores information on things that happened in the past, with unique attributes, such as:
Decentralisation — no single party has control over what information goes in
Consensus — many different parties store exact copies of the same ledger, so the majority has to agree on the information being added
‘Add-only’, meaning you can’t edit what’s already there, you can only add information
New information can’t conflict with wh…
All that is necessary for evil to triumph
is for good men to do nothing.
Edmund Burke, 1729-1797
As Lao Tzu so succinctly put it, “though Heaven favors no man, the wise man favors Heaven.”
When the power of love overcomes the love of power the world will know peace -Jimi Hendrix
• "Our society is run by insane people for insane objectives. I think we're being run by maniacs for maniacal ends and I think I'm liable to be put away as insane for expressing that. That's what's insane about it. " - John Lennon
“We are here to awaken from the illusion of our separateness.”
-Thich Nhat Hanh
“There is more in heaven and earth Horatio, than are dreamt of in your philosophy”
“The only Zen you find on the tops of mountains is the Zen you bring up there.”
- Robert M Pirsig
“Intuition is a sacred gift and the rational mind a faithful servant. We have created a society that honors the servant but has forgotten the gift”.
A new survey has surfaced that suggests an overwhelming majority of individuals in the United Kingdom, close to 93%, have heard of Bitcoin [BTC]. Moreover, one in five individuals think that cryptocurrencies will be as common as cash or card payments in the future.
As Cliff High shared in an interview, regarding what his data showed about cryptocurrency, the first to get into crypto are the innovators, then comes 13% will adopt it, then the mainstream, then the stragglers, or last 13% according to his web bot data. We are only at the innovator stage but 2019 could see us push toward that first 13%. Given another European study showed a larger percent of people know about cryptocurrency and believe it will be part of our future than presently own any cryptocurrency and that study showed a small percent that feel cryptos are just a passing phase, what do you think…