Blockchain Explained Simply

Blockchain Explained Simply

BlockchainMost likely you’ve heard the term blockchain. It is commonly used when discussing crypto-currencies like Bitcoin and Ethereum. However, blockchain is much more than that. Think of it as a way to securely manage and exchanging digital property among strangers, while cutting out the middleman such as banks. To be honest, we are not experts at blockchain – not even close. Still, if this technology is going to impact nearly everything we will be doing in the future, the earlier we can begin to understand it the better we will be at adapting to this new world. To that end, we are sharing with you a simple, illustrated, on-line guide to blockchain provided by Upfolio. It explains many possibilities for the technology. Almost all are still a long way off. The technology needs standardization, greater simplicity to use effectively and better security if it is actually destined to change the world. Few saw how the Internet would change our daily lives. This has similar possibilities.