In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This excellent piece by NATHANIEL POPPER and GUILBERT GATES published on The New York Times gives a lowdown of the things you need to know about blockchain. Read on.
“The original blockchain created by Bitcoin has inspired thousands of other attempts to record information in the distinctive fashion the cryptocurrency pioneered.
While there’s a hot debate about how to define a blockchain, most projects using the term try to create a single database that is shared and maintained by a group of people or institutions.
The vast majority of blockchains involve new virtual currencies like Bitcoin. But corporations and governments around the world have also become interested in ways to use the technology to reliably store vast amounts of data.”