Tag: bitcoins

27Nov

What is blockchain? And Why You Should be Excited About It?

 

I published this article first at Wamda

Over the past few years, blockchain technology has moved from the fringes to something that can have real impact on all parts of our lives. This isn’t just overstatement. I believe the blockchain is going to be the next thing.

What is blockchain technology?

A blockchain is a simple distributed digital database, the most famous of which is the bitcoin blockchain which first appeared in 2009.

Blockchains are public, as anyone can view the information stored in them at any time. Every new transaction or piece of information is broadcast to a peer-to-peer network, members of which verify it and add its as a new block to the chain.

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