Bits on Blocks - Thoughts on blockchain technology
Ethereum is software running on a network of computers that ensures that data and small computer programs called smart contracts are replicated and processed on all the computers on the network, without a central coordinator. The vision is to create an unstoppable censorship-resistant self-sustaining decentralised world computer.
This post tries to describe two very different uses for blockchain technology: Digital Token Ledgers that record ownership changes of digital tokens, and Activity Registers that record timestamped proofs of existence of data or agreements...
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.
Bits on Blocks by Antony Lewis is licensed under CC BY-SA 4.0
