Blockchain explained in plain English
Understanding how blockchain works and identifying myths about its powers are the first steps to developing blockchain technologies.
Blockchain is an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank-controlled payments.
Blockchain is a special instance of Distributed Ledger Technologies (DLTs), almost all of which have emerged in Bitcoin's wake.
HOW DOES BLOCKCHAIN WORK?
Blockchain is a Distributed Ledger Technology (DLT) that was invented to support the Bitcoin cryptocurrency. Bitcoin was motivated by an extreme rejection of government-guaranteed money and bank-controlled payments. The developer of Bitcoin, Satoshi Nakamoto envisioned people spending money without friction, intermediaries, regulation or the need to know or trust other parties.
Technically, the original blockchain is separable from Bitcoin, but this report will show that the blockchain design is so specific to Bitcoin that it's not a good fit for much else.
The central problem in electronic cash is Double Spend. Because pure electronic money is just data, nothing stops a currency holder from trying to spend it twice. Blockchain solves the Double Spend problem without a digital reserve fund or similar form of umpire.
Blockchain monitors and verifies Bitcoin transactions by calling upon a decentralized network of volunteer-run nodes to, in effect, vote on the order in which transactions occur. The network's algorithm ensures that each transaction is unique.
DELL is adding blockchain to its list of client services, the Robinhood trading app has now moved into half of the states in the USA, Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software, Kenya’s Blockchain Task Force Advises, and Mongolia allows a major local telco to use a crypto currency for people to pay their bills. Strap in for a great show!
15 Things You Didn't Know About JP Morgan | Billionaire Mondays
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Jamie Dimon, the Chairman, President, and CEO of JP Morgan Chase, joined us for the inaugural session of the 2017 - 2018 View From The Top speaker series.
Dimon discussed topics ranging from the dangers of bureaucracy to the validity of Bitcoin, to how dangerous a temper can be in the business world.
When asked how he ensures a fair and equal workplace, he said, “When you have an environment of trust and respect, people can shine. Go out of your way to make everyone accepted and you’ll build a great company.
Some would argue that governance is about ensuring the greatest good of the greatest number. The film explores the idea, that when it comes to demonetisation, the question we need to ask is how much tangible gain is needed to justify its very real loss?
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For a full beginner's guide on mining Bitcoins visit: https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/
IMPORTANT!! This method only illustrates how mining works. You will not make any money from it and it's only for learning purposes.
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Last year, 28 year old Ikenna Njoku of Auburn, Washington was jailed for 4 days, causing him to lose his job and his car. His "crime": he attempted to case a legitimate Chase check issued to him by Chase Bank. An employee there, assuming him to be a criminal, started the ball rolling that led to his false arrest.
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In today's episode we take a look at the ZCash Privacy cryptocurrency coin and share our analysis on the Zcash coin and the ZCash foundation behind this privacy coin. ZCash has good market sentiment and a strong community behind this project. However will ZCash emerge as the leading privacy coin in the coming years as this cryptocurrency market matures?
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Blockchain is currently at the peak of the Hype Cycle. It is a simple concept, yet difficult to understand and comprehend. It is also in the same place as the Internet was in 1995 – very early, with its major applications yet to be built. Blockchain is a much a philosophy as a technology, and has the potential to change the world as the Internet did. It promises to radically transform identity, agriculture, money, energy, governance, and pretty much everything else, especially in the emerging countries. This TEDx talk demystifies blockchain as never before, and explains how it can change the world around you… Jaspreet Bindra is a digital transformation and Blockchain expert. Until very recently, he was the Chief Digital Officer of $20bn Mahindra Group; and he continues as their Digital Adviser. He speaks, writes, teaches and consults on Digital Transformation and Blockchain, and is currently building a company around the same. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
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What is a blockchain and how do they work? I'll explain why blockchains are so special in simple and plain English!
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ZCash CEO and Computer security expert, Zooko Wilcox, has over 20 years of experience in decentralized systems, cryptography and information security under his belt. In his own words he has made a career working on the thing he loves: “technology that protects and empowers people”. He has notably contributed to DigiCash and Mojo Nation; co-invented ZRTP and Tahoe-LAFS; and is the co-author of BLAKE2 and SPHINCS. He is also the Founder of Least Authority.