Blockchain technology has become a corporate and media buzzword in the last few years, but does it live up to the hype?
We believe it does, and we think it has the power to change the world.
So what is blockchain and why is it so important?
Blockchain was created by an individual or group called Satoshi Nakamoto in the form of a cryptocurrency called Bitcoin.
Blockchain in its simplest form Bitcoin is a decentralized ledger which maintains records of transactions, the time they took place and addresses involved in those transactions. Once a transaction is added to the bitcoin blockchain it can never be changed or tampered with. This removes the need for 3rd party trust (Bank etc.) because all transactions can be verified by simply looking up the records on the blockchain.
Today there are many more variations of the bitcoin idea. More and more complex blockchains like ethereum, Tezos and others are trying to add more functionality in the form of smart contracts. They are trying to disrupt industries such as social media, finance, insurance, logistics and many more.
Learn about Blockchain, distributed ledgers, use cases, limitations and much more in this section. Become a blockchain-pro with our detailed guides.