Best explanation of the power of blockchain I've ever listened to. - Alex
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Bitcoin: Bitcoin creator “Satoshi Nakamoto” remains an unknown figure to this day. But his (her?) Bitcoin is the first peer-to-peer currency for online transactions. Litecoin: Litecoin was created to be a direct competitor of Bitcoin. According to PCMag, Litecoin was designed to handle transactions more quickly than Bitcoin. It can take a significant amount of time for blockchain to process transactions, whereas a Visa or Mastercard can process thousands of exchanges in a second. Ethereum: Like Bitcoin and Litecoin, Ethereum is considered a significant cryptocurrency. Bankrate describes Ethereum as a “world computer"; this is because Ethereum is a foundational blockchain system that other blockchain developers can use to build new cryptocurrencies. The process of using existing blockchain technology and building on top of it is similar to how mobile developers build apps on the App Store platform.
Basic Blockchain Lingo Every Entrepreneur Needs to Know
Do the terms 'proof-of-stake,' litecoin' and 'mining' mean anything to you? If not, keep reading.
For much of 2017, you've likely heard some of the following terms if you've paid any passing attention to the world of finance: Cryptocurrency, Blockchain, Bitcoin, Bitcoin Cash, and Ethereum. But what do they mean? And why is cryptocurrency suddenly so hot? Before we can answer that, we need to explain the basics of blockchain, the technology that powers Bitcoin. As society becomes increasingly digital, financial services providers are looking to offer customers the same services to which they're accustomed, but in a more efficient, secure, and cost effective way. Enter blockchain technology.
Bitcoin Guide 101: Introduction to Cryptocurrencies - @BusinessInsider
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