What is blockchain and why it is so important

You probably have heard something about blockchain but don't know what it is. This path with help

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    What is blockchain?


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    CIO Explainer: What Is Blockchain?

    Widely known as the technology underpinning the digital currency bitcoin, blockchain has acquired a new identity in the enterprise. Today, more than 40 top financial institutions and a growing number of companies across industries are experimenting with distributed ledger technology as a trusted way to track the ownership of assets without the need for a central authority, which could speed up transactions and cut costs while lowering the chance of fraud.

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    Wait, What Is Blockchain?

    Though it sounds like a series of defensive maneuvers ripped out of an NFL playbook, the blockchain is actually a way to structure data, and the foundation of cryptocurrencies like Bitcoin. This coding breakthrough-which consists of concatenated blocks of transactions-allows competitors to share a digital ledger across a network of computers without need for a central authority.

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    Blockchain Demystified | Daniel Gasteiger | TEDxLausanne

    A short story on how this new technology is shaping and moving beyond the bitcoin hype. In this talk, Daniel will attempt to reveal the principle behind Blockchain, its potential to defy current systems and why Blockchain is probably the biggest technological invention since the PC in the 1970s and the Internet in the 1990s.

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    Here's Why Blockchains Will Change the World

    As early as 1981, inventors were attempting to solve the Internet's problems of privacy, security, and inclusion with cryptography. No matter how they reengineered the process, there were always leaks because third parties were involved. Paying with credit cards over the Internet was insecure because users had to divulge too much personal data, and the transaction fees were too high for small payments.

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    Block Chain 2.0: The Renaissance of Money

    From 2008 to date, no other technology has been the subject of such fervent debate. Irrespective of your opinion, the rise in popularity of cryptocurrencies cannot be ignored. Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment. These include Dell, Reddit, Expedia, PayPal, and most recently, Microsoft....

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    What Blockchain Means for Higher Education (EdSurge News)

    When you hear the word blockchain does it make your head spin? Wall Street analysts and fintech experts claim it could make traditional banking obsolete; Airbnb just acquired a team of blockchain experts; and the country of Estonia will use it to secure a million patient health records. But

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    Inside the tech that could "change the face of modern finance"

    To say bitcoin attracted hype when it debuted in 2009 would be an understatement. Dropped into the world by an enigmatic founder under the pseudonym Satoshi Nakamoto, the online currency was billed as revolutionary to the way we exchange money, an essential organizing principle to modern life.

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    Bitcoin's Blockchain Technology Proves Itself in Wall Street Test

    Banks including J.P. Morgan Chase & Co. and Citigroup Inc. have successfully tested the record-keeping technology behind bitcoin on credit-default swaps, a move that could help it gain a foothold in mainstream finance. The swaps are essentially insurance contracts that pay off if a bond goes bad, and the process of keeping track of the over-the-counter products can be a burden.

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    Why Wall Street Is Embracing the Blockchain-Its Biggest Threat

    Just before Christmas, Overstock.com and its free-thinking CEO, Patrick Byrne, announced that the Securities and Exchange Commission had approved its plan to issue stock over the blockchain, the vast online ledger that drives the bitcoin digital currency. It was a significant moment.

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    How does Bitcoin work?

    This is a question that often causes confusion. Here's a quick explanation! As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one.

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    Bitcoin: Transaction block chains

    Learn for free about math, art, computer programming, economics, physics, chemistry, biology, medicine, finance, history, and more. Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone, anywhere.

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    Block Chain Innovations are Changing the Digital World - Hamilton Brook Smith Reynolds

    The success of the digital currency Bitcoin is due in large part to its underlying architecture, the block chain. The block chain is distributed-ledger technology that enables payments and other transactions to be processed and stored in an entirely decentralized way - without banks or other intermediaries.

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