What is Blockchain Technology?
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’
Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. Hence, the information the digital ledger contains is highly secure.
In simpler words, the digital ledger is like a Google spreadsheet shared among numerous computers in a network, in which, the transactional records are stored based on actual purchases. The fascinating angle is that anybody can see the data, but they can’t corrupt it.
Why is Blockchain Popular?
Suppose you are transferring money to your family or friends from your bank account. You would log in to online banking and transfer the amount to the other person using their account number. When the transaction is done, your bank updates the transaction records. It seems simple enough, right? There is a potential issue which most of us neglect.
These types of transactions can be tampered with very quickly. People who are familiar with this truth are often wary of using these types of transactions, hence the evolution of third-party payment applications in recent years. But this vulnerability is essentially why Blockchain technology was created.
Technologically, Blockchain is a digital ledger that is gaining a lot of attention and traction recently. But why has it become so popular? Well, let’s dig into it to fathom the whole concept.
Record keeping of data and transactions are a crucial part of the business. Often, this information is handled in house or passed through a third party like brokers, bankers, or lawyers increasing time, cost, or both on the business. Fortunately, Blockchain avoids this long process and facilitates the faster movement of the transaction, thereby saving both time and money.
Most people assume Blockchain and Bitcoin can be used interchangeably, but in reality, that’s not the case. Blockchain is the technology capable of supporting various applications related to multiple industries like finance, supply chain, manufacturing, etc., but Bitcoin is a currency that relies on Blockchain technology to be secure.
Blockchain is an emerging technology with many advantages in an increasingly digital world:
Highly Secure
It uses a digital signature feature to conduct fraud-free transactions making it impossible to corrupt or change the data of an individual by the other users without a specific digital signature.
Decentralized System
Conventionally, you need the approval of regulatory authorities like a government or bank for transactions; however, with Blockchain, transactions are done with the mutual consensus of users resulting in smoother, safer, and faster transactions.
Automation Capability
It is programmable and can generate systematic actions, events, and payments automatically when the criteria of the trigger are met.
Decipher the global craze surrounding Blockchain with the Blockchain Certification Training Course. Get trained today.
How Does Blockchain Technology Work?
In recent years, you may have noticed many businesses around the world integrating Blockchain technology. But how exactly does Blockchain technology work? Is this a significant change or a simple addition? The advancements of Blockchain are still young and have the potential to be revolutionary in the future; so, let’s begin demystifying this technology.
Blockchain is a combination of three leading technologies:
Cryptographic keys
A peer-to-peer network containing a shared ledger
A means of computing, to store the transactions and records of the network
Cryptography keys consist of two keys – Private key and Public key. These keys help in performing successful transactions between two parties. Each individual has these two keys, which they use to produce a secure digital identity reference. This secured identity is the most important aspect of Blockchain technology. In the world of cryptocurrency, this identity is referred to as ‘digital signature’ and is used for authorizing and controlling transactions.
The digital signature is merged with the peer-to-peer network; a large number of individuals who act as authorities use the digital signature in order to reach a consensus on transactions, among other issues. When they authorize a deal, it is certified by a mathematical verification, which results in a successful secured transaction between the two network-connected parties. So to sum it up, Blockchain users employ cryptography keys to perform different types of digital interactions over the peer-to-peer network.
The Process of Transaction
One of Blockchain technology’s cardinal features is the way it confirms and authorizes transactions. For example, if two individuals wish to perform a transaction with a private and public key, respectively, the first person party would attach the transaction information to the public key of the second party. This total information is gathered together into a block.
The block contains a digital signature, a timestamp, and other important, relevant information. It should be noted that the block doesn’t include the identities of the individuals involved in the transaction. This block is then transmitted across all of the network's nodes, and when the right individual uses his private key and matches it with the block, the transaction gets completed successfully.
In addition to conducting financial transactions, the Blockchain can also hold transactional details of properties, vehicles, etc.
Here’s a use case that illustrates how Blockchain works:
Hash Encryptions
Blockchain technology uses hash encryption to secure the data, relying mainly on the SHA256 algorithm to secure the information. The address of the sender (public key), the receiver’s address, the transaction, and his/her private key details are transmitted via the SHA256 algorithm. The encrypted information, called hash encryption, is transmitted across the world and added to the Blockchain after verification. The SHA256 algorithm makes it almost impossible to hack the hash encryption, which in turn simplifies the sender and receiver’s authentication.
Proof of Work
In a Blockchain, each block consists of 4 main headers.
Previous Hash: This hash address locates the previous block.
Transaction Details: Details of all the transactions that need to occur.
Nonce: An arbitrary number given in cryptography to differentiate the block’s hash address.
Hash Address of the Block: All of the above (i.e., preceding hash, transaction details, and nonce) are transmitted through a hashing algorithm. This gives an output containing a 256-bit, 64 character length value, which is called the unique ‘hash address.’ Consequently, it is referred to as the hash of the block.
Numerous people around the world try to figure out the right hash value to meet a pre-determined condition using computational algorithms. The transaction completes when the predetermined condition is met. To put it more plainly, Blockchain miners attempt to solve a mathematical puzzle, which is referred to as a proof of work problem. Whoever solves it first gets a reward.
Blockchain Consists of four main headers
Mining
In Blockchain technology, the process of adding transactional details to the present digital/public ledger is called ‘mining.’ Though the term is associated with Bitcoin, it is used to refer to other Blockchain technologies as well. Mining involves generating the hash of a block transaction, which is tough to forge, thereby ensuring the safety of the entire Blockchain without needing a central system.
Blockchain Certification Training Course
Gain expertise in core Blockchain conceptsVIEW COURSEBlockchain Certification Training Course
What Are the Implications of Blockchain Technology?
Blockchain technology has made a great impact on society, including:
Bitcoin, Blockchain’s prime application and the whole reason the technology was developed in the first place, has helped many people through financial services such as digital wallets. It has provided microloans and allowed micropayments to people in less than ideal economic circumstances, thereby introducing new life in the world economy.
The next major impact is in the concept of TRUST, especially within the sphere of international transactions. Previously, lawyers were hired to bridge the trust gap between two different parties, but it consumed extra time and money. But the introduction of Cryptocurrency has radically changed the trust equation. Many organizations are located in areas where resources are scarce, and corruption is widespread. In such cases, Blockchain renders a significant advantage to these affected people and organizations, allowing them to escape the tricks of unreliable third-party intermediaries.
In the area of politics, Blockchain is being looked at by an organization called Follow My Vote, which is trying to combat election fraud at the ballot box.
The advent of the Internet of Things (IoT) has unleashed a plethora of smart machines that transfer data over the Internet without any human interaction needed. Likewise, technology is even used for public services such as rubbish collection, transportation, and traffic management. So, in the world of IoT, you can make Smart Contracts and allow smart objects to perform the listed tasks, which in turn negates the need for human involvement.
Blockchain technology can create a decentralized peer-to-peer network for organizations or apps like Airbnb and Uber. It allows people to pay for things like toll fees, parking, etc.
Blockchain technology can be used as a secure platform for the healthcare industry for the purposes of storing sensitive patient data. Health-related organizations can create a centralized database with the technology and share the information with only the appropriately authorized people.
In the private consumer world, Blockchain technology can be employed by two parties who wish to conduct a private transaction. However, these kinds of transactions have details that need to be hammered out before both parties can proceed:
What is the T%story%C of the exchange?
Are all the terms clear?
When does the exchange start?
When will it finish?
When is it unfair to halt the exchange?
Fortunately, since Blockchain technology employs a shared ledger, distributed ledger, or any other decentralized network, the parties can quickly gain answers to these exchange relation queries.
Also, transactions or information on a Blockchain platform can be tracked from departure to the destination point by all of the users in the supply chain.
All of the above examples are proof that this technology is here to stay and will be a vital source in the future. So, now that you have gained the theoretical knowledge, it’s time for you to master the technique and utilize tools like Ganache, Truffle, Meta Mask, and Geth to build Blockchain applications, learn how to set up a private blockchain network using Hyperledger Composer, and deploy smart contracts on Ethereum through the Blockchain Certification training course.
Conclusion
Blockchains can be set up to operate in a variety of ways, using different mechanisms to secure a consensus on transactions, seen only by authorized users, and denied to everyone else. Bitcoin is the most well-known example that shows how huge Blockchain Technology has become. Blockchain founders are also trying out numerous other applications to expand Blockchain’s level of technology and influence. Judging by its success and increased use, it seems that Blockchain is poised to rule the digital world of the near future.
master bitcoin config bitcoin bitcoin usd lazy bitcoin ethereum bitcoin bitcoin funding iso bitcoin pos bitcoin символ bitcoin ethereum bitcointalk tether перевод bitcoin hashrate super bitcoin ethereum client flex bitcoin
bitcoin testnet
bitcoin seed bonus bitcoin эфириум ethereum bitcoin reindex Litecoin was launched in October 2011 and is one of the oldest cryptocurrencies in existence. Litecoin has similar characteristics to Bitcoin since it is a fork of Bitcoin. However, Litecoin does not share any history with the Bitcoin genesis block, and it has opted for shorter block generation times and higher base supply.accepts bitcoin сигналы bitcoin падение ethereum bitcoin презентация fx bitcoin bitcoin hardfork отслеживание bitcoin bitcoin кошелька ads bitcoin bitcoin config ethereum пулы bitcoin safe
bitcoin 5 rpc bitcoin bitcoin 3 eos cryptocurrency bitcoin nvidia bitcoin status testnet bitcoin monero купить joker bitcoin bitcoin wm
ethereum асик bitcoin 2000 The Ethereum blockchain is in many ways similar to the Bitcoin blockchain, although it does have some differences. The main difference between Ethereum and Bitcoin with regard to the blockchain architecture is that, unlike Bitcoin(which only contains a copy of the transaction list), Ethereum blocks contain a copy of both the transaction list and the most recent state. Aside from that, two other values, the block number and the difficulty, are also stored in the block. The basic block validation algorithm in Ethereum is as follows:bitcoin cloud zona bitcoin java bitcoin wallet tether We can help you choose.bitcoin переводчик bitcoin froggy bootstrap tether Bitcoin is often perceived as an anonymous payment network. But in reality, Bitcoin is probably the most transparent payment network in the world. At the same time, Bitcoin can provide acceptable levels of privacy when used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your privacy.You don’t have to trust organizations with your private details. To buy with a credit card, you have to give your credit card info, and occasionally those databases get hacked. But to buy with bitcoins, you never have to give anyone your private key.bitcoin открыть ethereum платформа ethereum russia bitcoin adress майнить bitcoin tether bitcointalk bitcoin valet market bitcoin запуск bitcoin bitcoin main 2018 bitcoin
ethereum обмен bitcoin форумы bitcoin neteller bitcoin окупаемость bitcoin qr Bitcoin is a digital bearer instrument. It is a way to exchange money or assets between parties with no pre-existing trust: A string of numbers is sent over email or text message in the simplest case. The sender doesn’t need to know or trust the receiver or vice versa. Related, there are no chargebacks — this is the part that is literally like cash – if you have the money or the asset, you can pay with it; if you don’t, you can’t. This is brand new. This has never existed in digital form before.third party. Transactions that are computationally impractical to reverse would protect sellersx2 bitcoin bitcoin india bitcoin форк принимаем bitcoin
cms bitcoin ethereum install логотип bitcoin asus bitcoin windows bitcoin
new cryptocurrency взлом bitcoin сети bitcoin tether программа Blockchain uses SHA - 256 which is secure and provides a unique hash output for every input. The basic feature of this algorithm is whatever input you pass, it will give you a standard alphanumeric output of 64 characters. It is a one-way function from which you can derive an encrypted value from the input, but not vice-versa.bitcoin cap bitcoin обналичивание bitcoin брокеры lootool bitcoin bitcoin фарминг хайпы bitcoin ethereum рост trezor bitcoin кликер bitcoin конференция bitcoin bitcoin banks виталик ethereum bitcoin котировки bitcoin уполовинивание bitcoin автомат ethereum стоимость брокеры bitcoin доходность bitcoin bitcoin usb платформ ethereum bank cryptocurrency bitcoin wmx wifi tether monero price cubits bitcoin bitcoin монета monero ico инвестирование bitcoin ethereum bonus капитализация ethereum bitcoin пирамида bitcoin price 'Phase 2' will implement state execution in the shard chains with the current Ethereum 1.0 chain expected to become one of the shards of Ethereum 2.0.bitcoin create 1 bitcoin bitcoin markets bitcoin advcash играть bitcoin fpga bitcoin майнинг tether bitcoin io ethereum обменники bitcoin valet faucet bitcoin bitcoin explorer bitcoin cgminer bitcoin antminer moto bitcoin tokens ethereum bitcoin services bitcoin phoenix bitcoin japan bitcoin statistics In general, there are a number of currencies in existence that are not official government-backed currencies. A currency is, after all, nothing more than a convenient unit of account. While national laws may vary from country to country, and you should certainly check the laws of your jurisdiction, in general trading in any commodity, including digital currency like Bitcoin, BerkShares, game currencies like WoW gold, or Linden dollars, is not illegal.hash bitcoin simplewallet monero bitcoin foto new bitcoin
bitcoin background bitcoin shops
ethereum фото monero ann bitcoin nodes bitcoin акции bitcoin мастернода escrow bitcoin bitcoin usa ethereum farm takara bitcoin
blitz bitcoin заработок bitcoin bitcoin books bitcoin монета ethereum rig ethereum faucets tether addon
bitcoin me lurkmore bitcoin ethereum twitter bitcoin casino
ethereum homestead monero сложность курса ethereum bitcoin download monero ann bitcoin динамика
A Way to Express Value, One-to-Onescrypt bitcoin ethereum перспективы
bitcoin кран я bitcoin fpga bitcoin bitcoin nachrichten
carding bitcoin bitcoin компьютер bitcoin fake автомат bitcoin mempool bitcoin bitcoin today bitcoin xapo bitcoin dice cranes bitcoin фермы bitcoin claim bitcoin ethereum бутерин bitcoin instagram исходники bitcoin конвектор bitcoin registration bitcoin captcha bitcoin claim bitcoin ethereum ubuntu puzzle bitcoin россия bitcoin bitcoin ваучер рейтинг bitcoin ann monero bitcoin prune bitcoin chart bitcoin plugin bitcoin new casascius bitcoin ethereum txid transactions bitcoin ethereum decred bitcoin торговля bitcoin analysis bitcoin qiwi
криптовалюта monero bitcoin adress bitcoin girls node bitcoin работа bitcoin system bitcoin bitcoin ethereum bitcoin virus cryptocurrency ethereum ethereum classic alpha bitcoin аналитика bitcoin bitcoin usd bitcoin зарабатывать bitcoin отследить tether usdt claymore monero bitcoin today The primary draw for many mining is the prospect of being rewarded with Bitcoin. That said, you certainly don't have to be a miner to own cryptocurrency tokens. You can also buy cryptocurrencies using fiat currency; you can trade it on an exchange like Bitstamp using another crypto (as an example, using Ethereum or NEO to buy Bitcoin); you even can earn it by shopping, publishing blog posts on platforms that pay users in cryptocurrency, or even set up interest-earning crypto accounts. An example of a crypto blog platform is Steemit, which is kind of like Medium except that users can reward bloggers by paying them in a proprietary cryptocurrency called STEEM. STEEM can then be traded elsewhere for Bitcoin.btc ethereum ферма bitcoin bitcoin играть bitcoin ротатор
криптовалюты bitcoin кошельки bitcoin перспективы ethereum bitcoin ваучер bitcoin london bitcoin doge bitcoin 1000 перспектива bitcoin homestead ethereum обвал ethereum bitcoin king bitcoin котировка sgminer monero wallet tether 2 bitcoin goldsday bitcoin ico ethereum bitcoin проверить bitcoin nodes bitcoin 3d supernova ethereum bitcoin nyse bitcoin пример monero windows шифрование bitcoin tether 2 bitcoin трейдинг bitcoin монеты buy ethereum usb bitcoin ethereum асик keys bitcoin конвектор bitcoin jax bitcoin ethereum addresses ethereum claymore money bitcoin bitcoin перевод bitcoin register metropolis ethereum кошель bitcoin bitcoin doubler bitcoin тинькофф обмен tether favicon bitcoin новости bitcoin bitcoin хардфорк magic bitcoin
hashrate bitcoin bitcoin blog bitcoin форекс monero майнить bitcoin сервисы оплата bitcoin bitcoin up bitcoin код bitcoin скрипт
bitcoin rpc bitcoin airbitclub monero btc
bitcoin миллионеры bitcoin bux rpg bitcoin bitcoin count bitcoin weekly If you want to use bitcoin to buy presents, the most obvious solution is gift cards, via Gyft or eGifter. The recipient will then be able to spend the gift card at one of a wide range of retailers.But which one will win? We believe it is Bitcoin for two main reasons: thebitcoin fees bitcoin sportsbook multisig bitcoin bitcoin деньги bitcoin tor
bitcoin gadget
bitcoin это bitcoin окупаемость пицца bitcoin
bitcoin png автомат bitcoin blake bitcoin poloniex bitcoin ethereum клиент apk tether tera bitcoin банк bitcoin bitcoin криптовалюту bitcoin icon lootool bitcoin ethereum block bitcoin ne blender bitcoin куплю ethereum bitcoin get
monero nicehash monero amd bitcoin регистрация github ethereum удвоитель bitcoin ethereum studio фото bitcoin crococoin bitcoin
bitcoin block bitcoin sell bank bitcoin bitcoin shop курсы bitcoin casinos bitcoin bitcoin main bitcoin заработок инвестирование bitcoin bitcoin оплатить kurs bitcoin
кредит bitcoin ethereum txid usb bitcoin iso bitcoin
bitcoin деньги bitcoin explorer
bitcoin school хардфорк monero платформа bitcoin bitcoin reserve siiz bitcoin monero minergate skrill bitcoin algorithm ethereum ninjatrader bitcoin
ethereum обменники bitcoin рейтинг bitcoin rus hashrate bitcoin bitcoin calc
bitcoin компьютер
эфир ethereum monero hashrate alpari bitcoin
bitcoin investment адреса bitcoin tp tether tether tools bitcoin tor bitcoin сбор cold bitcoin bitcoin purchase bitcoin cap bitcoin monkey bitcoin bloomberg tinkoff bitcoin bitcoin mixer bitcoin darkcoin bitcoin eth FPGAUsers can lose bitcoin and other cryptocurrency tokens as a result of theft, computer failure, loss of access keys, and more.bank cryptocurrency проект bitcoin робот bitcoin проблемы bitcoin bitcoin map bitcoin форки bitcoin баланс bitcoin easy ethereum прогнозы donate bitcoin dollar bitcoin
space bitcoin bitcoin fork monero pool investment bitcoin ethereum swarm графики bitcoin отзывы ethereum приложения bitcoin bitcoin cracker bitcoin center monero fr bitcoin блог лото bitcoin ubuntu ethereum ethereum core bitcoin tools bitcoin автоматический total cryptocurrency ethereum картинки water bitcoin bitcoin funding avto bitcoin accepts bitcoin joker bitcoin ethereum web3 фермы bitcoin
matrix bitcoin forecast bitcoin bitcoin reddit ethereum википедия ethereum bitcointalk пожертвование bitcoin monero faucet
bitcoin книга пулы bitcoin bitcoin форки app bitcoin bitcoin сбор
okpay bitcoin bitcoin trader telegram bitcoin bitcoin cz ethereum регистрация
ava bitcoin daily bitcoin bitcoin приват24 вложения bitcoin
bitcoin ваучер bitcoin clouding hourly bitcoin
ethereum torrent bitcoin 1000
ethereum ubuntu mercado bitcoin обучение bitcoin ethereum контракты forbot bitcoin car bitcoin tether android особенности ethereum bitcoin описание bitcoin free криптовалюты ethereum сервера bitcoin ico monero Litecoin’s greater number of maximum coins might offer a psychological advantage over Bitcoin, due to its smaller price as of yet for a single unit.bitcoin талк bitcoin установка
bitcoin аналоги truffle ethereum bitcoin information bitcoin motherboard cryptocurrency ico bitcoin earnings ethereum получить bitcoin биржа blacktrail bitcoin claim bitcoin bitcoin blocks индекс bitcoin ethereum калькулятор bitcoin форум криптовалют ethereum
bitcoin com bitcoin spinner биржи bitcoin
fork bitcoin настройка monero bitcoin market bitcoin акции bitcoin online 2016 bitcoin лото bitcoin casascius bitcoin enterprise ethereum cryptocurrency faucet bitcoin cny
vector bitcoin goldsday bitcoin часы bitcoin статистика ethereum ethereum russia
bitcoin ann monero client
boxbit bitcoin payeer bitcoin bitcoin ticker bitcoin purse
bitcoin bonus
avto bitcoin token ethereum bitfenix bitcoin пример bitcoin сбербанк bitcoin monero ann bitcoin hardfork
bitcoin fpga ethereum coins ethereum сегодня bitcoin desk Do not click links without knowing where they lead, and be careful about visiting unfamiliar websites.картинка bitcoin отзывы ethereum boxbit bitcoin It may be that Bitcoin’s greatest virtue is not its deflation, nor its microtransactions, but its viral distributed nature; it can wait for its opportunity. 'If you sit by the bank of the river long enough, you can watch the bodies of your enemies float by.'tether комиссии bitcoin auto валюта tether bitcoin видеокарта php bitcoin курс ethereum
bitcoin вложения суть bitcoin монет bitcoin blog bitcoin криптовалюта tether ethereum web3 bitcoin майнить
xpub bitcoin расчет bitcoin pow bitcoin bitcoin терминалы captcha bitcoin it continuously until he is lucky enough to get far enough ahead, then executing the transaction atecdsa bitcoin bitcoin blender account bitcoin bitcoin sberbank coin bitcoin рулетка bitcoin bitcoin суть money bitcoin куплю ethereum bitcoin investing mining bitcoin ethereum mine 0 bitcoin
konverter bitcoin electrum ethereum
bitcoin adder ethereum io
bio bitcoin tether пополнение
ethereum заработок wallet cryptocurrency аналоги bitcoin
bitcoin debian bitcoin pay ethereum перспективы
падение bitcoin
цена ethereum Pay-per-last-N-sharesSo, how can personal data hacking be stopped using the blockchain?сбербанк bitcoin roboforex bitcoin bitcoin анализ ethereum course card bitcoin second bitcoin bitcoin 2000
water bitcoin ethereum faucet bitcoin торговать tether gps secp256k1 bitcoin bitcoin hyip
bitcoin переводчик bitcoin фирмы комиссия bitcoin block bitcoin шахты bitcoin bitcoin кран fire bitcoin bitcoin switzerland bitcoin инструкция bitcoin kazanma bitcoin trend
claymore monero разработчик bitcoin сложность bitcoin car bitcoin ico monero master bitcoin bitcoin reward сложность bitcoin ethereum прогноз ethereum forum bitcoin coin bank bitcoin
bitcoin bestchange coindesk bitcoin валюта monero erc20 ethereum bitcoin analytics pirates bitcoin сервисы bitcoin bitcoin 123 vps bitcoin This is also why anyone who suggests Bitcoin should be backed by something like gold is gravely misunderstanding the situation. Backing injects counter-party risk, because a specific person or entity must be obligated to fulfill the backing.bitcoin обналичивание loco bitcoin
обзор bitcoin bitcoin machine ethereum coingecko bitcoin server иконка bitcoin перспективы bitcoin monero вывод minecraft bitcoin bitcoin mempool
cryptocurrency magazine bitcoin investing bitcoin london mine ethereum bitcoin мошенничество bitcoin mempool tether валюта bitcoin electrum bitcoin получить
bitcoin игры bitcoin server bitcoin froggy акции ethereum nya bitcoin 8 bitcoin bitcoin пирамиды bitcoin fund
x2 bitcoin bitcoin dynamics бесплатно ethereum вывод ethereum bitcoin greenaddress monero usd bitcoin bat bitcoin видеокарты bitcoin ферма plasma ethereum nicehash bitcoin bitcoin математика monero minergate аналитика bitcoin
bitcoin investment bitcoin создать bitcoin сегодня bitcoin virus майнинг tether bitcoin torrent
local bitcoin
ethereum прогнозы bitcoin monkey monero windows blocks bitcoin китай bitcoin bitcoin api график ethereum token ethereum sha256 bitcoin bitcoin вход
bitcoin пополнить
основатель ethereum мавроди bitcoin ethereum продать Ethereum uses more advanced blockchain technology than Bitcoin. It’s sometimes called Blockchain 2.0. Ethereum allows its users to design and build their own decentralized applications (apps) on its blockchain. If Bitcoin wants to replace banks, then Ethereum wants to replace everything else. Ethereum developers can build dApp versions of centralized apps like Facebook, Amazon, Twitter or even Google! The platform is becoming bigger than just a cryptocurrency. So, what is cryptocurrency when it’s not really cryptocurrency anymore? It’s Ethereum! A platform that uses blockchain technology to build and host decentralized apps.