A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. But it's not just about money. In fact, it is potentially far more reaching as it extends into contracts and other aspects of life.
The implication is huge!
In Blockchain Revolution Don Tapscott and Alex Tapscott reveal how the smart contract underlies a potentially huge shift in how business relationships may evolve. Intermediaries like the financial services industry are at risk of becoming obsolete as lenders and borrowers transact with each other directly.
What is bitcoin?
Bitcoin is a currency that allows parties to exchange value. But unlike it's predecessors, paper currency and gold, bitcoin is digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.
A number of organizations are researching and developing services in the blockchain space. Changes are occurring at an unprecedented rate. You can see what it looks like through these resources below.
You can see transactions streaming in real time one after another with other stats and markets on blockchain.info.
Transactions, per day as well as other time periods including all time.
Create your wallet.
What does it mean for investors?
The bitcoin markets