Blockchain, Cryptocurrency and Smart Contracts for Beginners
I will try to give you a beginner’s overview of what Blockchain, Cryptocurrency and Smart Contracts are. I will also touch upon opportunities the technology bring.
Original purpose of Blockchain
Blockchain makes it possible to transfer value from one person to another without intermediaries by having a distributed public ledger. Compared to a regular account-to-account transfer both banks are made redundant. And it takes no more than 10 minutes before the transfer is permanently confirmed in contrast to the two to three days it easily take a bank transfer to complete. [...]
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