What is Blockchain Technology?

Blockchain technology has paved the way for cryptocurrencies to flourish, however, do we really appreciate this monumental shift in distributed ledger technology or it's no big deal?

In this guide by Collective Shift. We explore what blockchain technology is, what the big deal is and briefly, blockchains and their consensus mechanisms.

Beginner Question

Do you think we can have cryptocurrencies without the blockchain?

Collective Shift Resource:

What is Blockchain Technology?

Timestamps:

00:00 What is Blockchain?

00:55 Blockhains

01:37 Blockchain Vs Crypto

02:30 Whats the big deal?

03:27 Data Ownership

03:55 Transparency

04:18 Conensus