How To Explain Blockchain In A Simple Way – Techicy

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If I only had 5 minutes to explain blockchain. Easy access to subprime loans and the overvaluation of bundled subprime mortgages all leaned on the theory that housing prices would continue to.

What is the best way to explain the blockchain to friends? molometer ( 68 ) in blockchain 2 years ago (edited) For many veterans of steemit, it may seem weird to be writing about the blockchain while actually writing on the blockchain.

In this article, I want to explain how blockchain is currently changing the way we handle patient data. blockchain requires more than just a simple willingness to adopt new technology. A strategic.

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If you still can’t figure out what the heck a bitcoin is, this simple explanation for a five-year-old may help you. We’re sitting on a park bench. It’s a great day. I have one apple with.

When people think of blockchain, many automatically think of cryptocurrency and more specifically, Bitcoin. However, many technology insiders agree that blockchain is the technology of the future, as crucial as artificial intelligence. Governments, banks, angel investors and others are already testing blockchain for use in their organizations.

Other blockchain projects piggyback off the blockchain name, using it to boost their bottom line with no real innovation. There’s no agreement on these matters. We would argue that the traditional Bitcoin model is the best way forwards: a public blockchain, accessible by all, and not centralized.

The Human Blockchain: Bitcoin Explained Without Technology. Blockchain technology is unlike any other system currently powering currency, and as such is not properly understood by the public at large. To many, especially of the older generations, cryptocurrency can seem like magic, a trick of digital sorcery, and certainly not something upon which one would place their trust and life savings.

 · I’ll be the first to admit that blockchain isn’t easy to wrap your head around. You’ve probably heard of it in relation to Bitcoin because cryptocurrencies are underpinned by blockchain.

I am not going to go into too much detail behind all the technology and history, but rather give you a quick and simple explanation of how the blockchain technology works and where it came from. My.