What Is a Blockchain and Why You Should Care?

Think about the impact of how the internet shares information, blockchain will do the same for the exchange of value!

Since Bitcoin has emerged on the scene well over a decade ago, little do people understand the actual impact and ramifications that came along with its inception and implementation. A common misunderstanding of what makes Bitcoin so special is that it is “digital gold”, but the technology that enables it to work is truly its secret sauce. The actual engine behind why Bitcoin can be a store of value is the technology called blockchain that enables it to keep, track, and maintain its value. Blockchain technology has the ability to serve multiple purposes as you can see with the variety of cryptocurrencies, developments, and growing use cases that will surely disrupt the way we think about money. A good analogy to what blockchains represent to the current way we “do” money is looking at throughout history as “newer” forms of currency were introduced, from seashells to stones, from minted metal coins to paper bills, and now from fiat currency to blockchains. Each step enabled new methods of handling business and exchanging goods and services with greater ease.

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