There are over hundreds of completely separate blockchains and more on the way
The key to differentiation is method of validation
Proof-of-Work | Proof-of-Stake | Proof-of-Space | Byzantine Agreement | Proof-of-Brain
Beyond Bitcoin,
The most important piece is the blockchains that form it.
If you genuinely want to understand the Bitcoin phenomenon, you need to take a look at the underlying technology. The thing that makes not only Bitcoin but Ethereum, Litecoin and other cryptocurrencies so intriguing is the blockchain on which they are built. Whether Bitcoin eventually reaches a million dollars or crashes and burns, the underlying blockchain technology is unlikely to go away. Instead, the blockchain is likely to find its way into banking, retail transactions, and even the ballot box.
At the heart of any true cryptocurrency revolution are the blockchains associated with each said crypto, a distributed ledger that can be shared, replicated and synchronized among many different users. Unlike a traditional banking transaction, which is centralized and stored in a single location, cryptocurrency transactions are stored on vast networks of computers.
The distributed nature of any blockchain ledger makes it uniquely resistant to hacking and other types of tampering. While hacking a single-point transaction requires nothing more than access to a centralized computer, hacking a distributed ledger as the one Bitcoin uses is far more challenging. Even if the bad folk gain access to a dozen computers on the network, there are thousands more holding replicas of the authentic blockchain. AI knowledge surrounds the blockchain fortress.
Past Contests
WIN (300) STEEM! ChronoCrypto CONTEST: JUST PREDICT THE PRICE OF ENE/ENRN ! - This one was an April fools joke, but for some reason there were many accounts that did not read this small bit
I hope you know this contest is a joke, ENRON April fools! Enjoy it with family
Ready some of the comments made it worth it ...
WIN (50) STEEM! ChronoCrypto CONTEST: JUST PREDICT THE PRICE OF AMZN! 💰
WIN TEN (10) STEEM! ChronoCrypto CONTEST: JUST PREDICT THE PRICE OF TSLA! 💰
Go ahead and read some more of my work:
- STEEMIT Witnesses or so called Whales we have a problem (In case you missed the last post)
- A Fascinating Dystopian Look at a Possible Future of Child Laws
- Innovation - Avoiding a Dystopia
- What happened last week full of crypto and AI knowledge Dropping on you right now.
- Don’t believe the hype about AI in business - We are not there yet
good post. I have finished reading it.
Good Comment, you are truly a super reader.
thanks for the post
Nice one, only thing I want to clarify, by saying AI knowledge surrounding, do you mean the Nodes? wonder if your readers might benefit from this as well:
https://steemit.com/crytocurrency/@oscarblue04/bite-sized-cryptocurrency-chats-what-is-all-this-talk-about-hashing-power
Easy and simple but it has all important concepts of blockchain, keep it up.
Decent post @chronocrypto - I run a full monero node myself.
Thanks for sharing
This post has been upvoted and picked by Daily Picked #21! Thank you for the cool and quality content. Keep going!
Don’t forget I’m not a robot. I explore, read, upvote and share manually ☺️
All the more reason to ask the people with the argument of:
"Bitcoin doesn't even matter, it's all about blockchain"
the proper question of:
"Ok, which blockchain are you talking about specifically?"
*end of debate 99% of time, especially online.
very good intel thanks for the heads-up
Coins mentioned in post: