On KYC and blockchains
Blockchains are being considered as a Know-Your-Customer solution. What does this really mean and are blockchains really appropriate?
Blockchains are being considered as a Know-Your-Customer solution. What does this really mean and are blockchains really appropriate?
Given that a blockchain is meant to replace a trusted external third party, or is meant to create trust between entities who don’t fully trust each other, an internal blockchain seems a contradiction in terms… At this stage of the development of the technology a legitimate answer to the question “Why use a blockchain?” may actually be “Why not?”
We explore digital tokens in relation to cryptocurrencies and blockchains, differentiating between blockchain-native tokens like BTC and asset-backed tokens like IOUs on Ripple.
Mining is the process of writing pages (blocks) of bitcoin transactions into the bitcoin ledger, called ‘The Bitcoin Blockchain’, and getting rewarded with newly created bitcoins. More…
Infographic showing the anatomy of bitcoin’s blockchain, from blocks through to inputs and outputs. From http://www.bitsonblocks.net
People use the term ‘blockchain technology’ to mean different things, and it can be confusing. This article is a gentle introduction to blockchain technology and assumes minimal technical knowledge. It attempts to describe “what it is” rather than “why should I care”.
This article is a gentle introduction to bitcoin and assumes minimal technical knowledge. Shorter companion pieces to this are: Bitcoin’s network in one infographic Inside bitcoin’s blockchain (infographic) A gentle introduction to bitcoin mining...