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WTF is The Blockchain?

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nless you’re hiding under the rock,  I am sure you’d have heard of Bitcoins and Blockchain. After all, they are the trending and media’s favorite topics these days — the buzzwords of the year. Even the people who’ve never mined a cryptocurrency or understand how it works, are talking about it. I have more non-technical friends than technical ones. They have been bugging me for weeks to explain this new buzzword to them. I guess there are thousands out there who feel the same. And when that happens, there comes a time to write something to which everyone can point the other lost souls to — that’s the purpose of this post — written in plain english that any regular internet user understands. By the way, I am curator of a weekly newsletter,  Unmade , which delivers one idea from the future to your inboxes. Blockchain: why do we even need something this complex? “For every complex problem there is an answer that is clear, simple, and wrong.” — H. L. Mencken Unlike every other
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What is Ripple? What is Bitcoin? Why Use Bitcoin? How Can I Buy Bitcoin? How to Buy Bitcoin in the UK How to Store Your Bitcoin What Can You Buy with Bitcoin? How to Sell Bitcoin How to Accept Bitcoin Payments for Your Store How do Bitcoin Transactions Work? Is Bitcoin Legal? Who is Satoshi Nakamoto? Understanding Bitcoin Price Charts How Bitcoin Mining Works How to Set Up a Bitcoin Miner What are Bitcoin Mining Pools? How Does Cloud Mining Bitcoin Work? How to Calculate Mining Profitability How to Make a Paper Bitcoin Wallet Can Bitcoin Scale? What is SegWit? What is Bitcoin's Lightning Network? What is Ethereum? What is Ether? How to Use Ethereum Who Created Ethereum? How Ethereum Works How Ethereum Mining Works How to Mine Ethereum How Will Ethereum Scale? How Do Ethereum Smart Contracts Work? What is Bitcoin Cash? Hard Fork vs Soft Fork What is the Difference Between Liteco