What is a blockchain? Hint, it’s not just for Bitcoin.

The blockchain’s current and first killer app is Bitcoin, the secure, anonymous digital currency or cryptocurrency.  Cryptocurrencies like Bitcoin have gotten a lot of press lately because they are the defacto standard method that Ransomware accepts payment (because it’s secure and anonymous).  Like Bitcoin though, the blockchain has a lot of uses outside of just Bitcoin.  The video below does about the best job that I’ve seen of distilling what the blockchain does and how it works and it’s only about 2 minutes long.


Credit – https://blockchainfutureslab.wordpress.com/2016/04/18/understand-the-blockchain-in-two-minutes/

 

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