31 Jul '16, 8pm

Great Check! #Blockchain Is Changing The Digital World As We Know It

All the transactions of a Bitcoin are recorded in ledgers known as blockchains. These ledgers use extremely complex technology in order to work effectively, however the idea is fairly simple. A blockchain enables anyone to directly and securely make a transaction or to create a smart contract between two people or companies (which a new platform called Ethereum is doing), without having to go through any third parties. These third parties could include a credit card company, bank, or a platform such as PayPal, all of which will take a transaction fee. Blockchains have the potential to unleash endless new applications. Using blockchains has many benefits, such as a very secure system, increased speed, few errors, lower costs than other methods, plus the elimination of central points of attack. Therefore, it is no surprise that many companies are showing an interest in this ...

Full article: http://www.valuewalk.com/2016/07/blockchain-ethereum-vs-b...

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