#blockchain: Stairway to Heaven or Highway to Hell?
▻https://hackernoon.com/blockchain-stairway-to-heaven-or-highway-to-hell-6e1eae22be6?source=rss-
This article was written by our Guest Writer, Nilesh Agarwal.Blockchain is a simple concept but arduous to implement. It has the potential to radically revamp governance, money, agriculture and pretty much everything else especially in developing countries.There are essentially five points that one needs to understand when they talk about blockchain:It is a digital ledger consisting of economic transactions that could be programmed to record anything and everything of value and not just financial transactions.Blockchain is immutable, i.e., to hack into a blockchain network, one would require whopping amounts of computational power.It is consensus-driven, every transaction occurring on the network is authentic and all participants agree on a consensus on the status of the ledger. Proof (...)