Why Blockchain?

The keyword is decentralization.

A blockchain is nothing more than a database that is recorded at several nodes instead of at a central location.

This makes it possible to establish a relationship of trust between two parties for the exchange of values (money, securities, services, etc.) without needing a central location (bank, government, NGO, etc.).

Sounds complicated?

But it’s cool.

Imagine, for example, having something that ANYONE can receive, own & send.
Without a central authority being able to take it away from you (e.g. through taxes or increasing the (money) supply)….

Blockchain brings all this and infinitely more.

Bitcoin runs on such a blockchain.
And Bitcoin can do exactly what is described above.

Ethereum now also runs on a blockchain, for example. You can program on it. DAPPS.

Author
Author

I am Patrick, operator of the ADA Suisse Cardano Stake Pool.
My motivation is to make the world less unfair.

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I've been in the blockchain world for just under 10 years & started with ADA Suisse in August 2020.
More about me can be found here..

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