14 Jul '17, 10am

What is blockchain?

What is blockchain?

You’ve heard about it, maybe in relation to a digital currency like bitcoin — but what is blockchain and how does it work? On the latest episode of Too Embarrassed to Ask , Circle CEO Jeremy Allaire answered all our questions and yours. Let’s start with payments: Right now, it’s easy to send people money online, but how we send that money is tied to institutions like credit cards and banks. Circle and its competitors want to use blockchain to offer their users a more open alternative, which wouldn’t tie currency down to anything. “The payments world today is a lot like where we were 20 years ago with how communications worked on the internet,” Allaire said. “You could get to content online, you could dial up to a service like AOL and there was all this content on there and that felt like a lot of information to people: ‘There’s more information than I’d ever need here !’ A...

Full article: https://www.recode.net/2017/7/14/15967484/blockchain-bitc...

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