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Blockchain
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Chimaijem Ezechukwu
Community Member
1 month, 3 weeks ago

I have heard a lot about crypto currency and Blockchain. I constantly hear how become become rich with crypto currency, but what has this Blockchain and Crypto currency have to do with technology ?

Blockchain, technology, currency, get rich quick scams

5 Responses

A great question Chimaijem, I hope someone can answer it as I'd like to also know.

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Hi Chimaijem,

Blockhain is essentially a distributed digital ledger that can be used to record transactions in a transparent way. Without getting into too much details (since most of this information can be sourced online), it is usually deployed on a decentralised network and it requires updates to it to be verified and validated by consensus. This in-built checking mechanism is what makes it immutable (difficult to hack) and therefore secure.

Cryptocurrency leverages blockchain technology as do many of the modern international money transfer systems available.

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@28 Akin, thanks for this breakdown. I have in the past tried to source info over the net, but I must say your explanation of it is by far the best I've read to date. Let ask you one more question that Chimaijem might also ask. Without Blockchain could Crypto currencies such as bitcoin exist ?

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@28 Thanks for the explanation Akin. I'll keep following in order to learn more.

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I am very interested in this Blockchain Technology as I'm start to hear about it everywhere. I'm wondering will the founders be launching a course on this platform? I think it would be great, I'd sign up immediately. If not, Akin do you teach it ?

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