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