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Tag: altcoins

What is a Blockchain in simple terms?

What is a Blockchain in simple terms?

A blockchain is a set of data blocks which are linked through certain mathematical formulas. In most blockchains that currently exist the blocks of data have contained information about transactions. Bitcoin is an obvious example of this. Each block of data in the Bitcoin blockchain contains information about transactions in a 10 minute period. This description tells us what’s inside each block of data and that the blocks are linked but not how they are linked. In simple terms, that…

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Cryptocurrency posts from the archive

Cryptocurrency posts from the archive

With the recent boom in Cryptocurrencies (and all things blockchain) I decided to create a new post to link back to my old posts. They cover Bitcoin, Litecoin and some general cryptocurrencies comments. The earliest post is from 2012 although some others are from 2013. It is interesting to re-read these. In the first post the price of Bitcoin was $12 and in a later post the price was $750. FYI, these posts are preserved in the Internet Archive (Way…

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