More specifically, you are probably excited about cryptocurrencies, like Bitcoin or Litecoin, or Ether. What Are You Investing In? The blockchain is, most simply, a digital, decentralized and inalterable ledger.
What does this mean, exactly? A ledger is a database technology used to record transaction histories and ownership; it is a definitive account of who has given what to who, and who owns what.
This means that they are subject to the discretion and power of individuals, and are alterable and impermanent. A digital ledger addresses most of these concerns, and pretty effectively.
The codes for the blocks are broken by miners. This adds the block to the blockchain, thereby rendering that data permanent and inalterable. They are rewarded, in the cryptocurrency produced by the particular blockchain they are working on. This is where you come in — potential buyer and investor.
These cryptocurrencies can be very valuable, and are valued at increasing heights, the more successful a particular blockchain and cryptocurrency is. Continue Reading…