First ever! Explain it with MEMES #1 : Blockchain and Cryptocurrency

Some people are wondering. what is the Hype all about?

 

Trying to figure it out for yourself can lead to unnecessary stress.

So I'll try to explain my It's getting so much attention, as best I can, while having some fun along the way.

Blockchain technology serves multiple functions simultaneously.

Decentralized ledgers distributed across multiple networks, are certainly effective at managing tokens, aka "crypto currencies"but their real benefit should be that they drastically advance database management by offering seamless, encrypted, on-demand, private information access and distribution. One of the best case applications for this may be medical record and personal document keeping. Including DNA/Protein Cataloging and, item/property ownership either real: paintings or property, or virtual: crypto kitties/puppies,VR property (Decentraland)

Dapps: sub-platforms for spending and distributing (using) tokens through various 'contracts', giving money itself the ability to contain programming, enabling new additional layers of digital interactivity. Micro-transactions, for business2business, peer2peer, moment2moment billing. Essentially streamlining small transactions through a third party (pre-program). I'm excited to see integration with pre programmed cause and effect interactions (IFTT requests) and bots you can hire to trade for you based on your trading style.

It feels like first two of these are the first steps towards teaching an AI how to handle money and fractions. Being given a framework for how to process decisions with 3rd party transactions. Early High school lesson plan on becoming a lawyer, bookie or banker.

Another neat aspect of Blockchain Crypto ICOs:

Equity fractional ownership of startups and projects crowdfunding. (some cases milestone contingent). This new trend may soon start to be heavily adopted by companies, brands, artists, governments and organizations.

some interesting coins to watch out for in the future.....Gas/OilCoin, FoodToken, Waterbuck, MarsCoin, ElonMuskCoin, things like that.

The idea of Blockchain, storing an encrypted ledger across multiple computers, is a moment in time I'm excited to be learning about.I feel like now that the cat is out of the bag, there is no stopping it.

and I'm also keeping an eye on its other interesting uses use as currency.

Because there's a lot of money that can be made.

Using Crypto exchanges to watch charts and buy low, sell high.

So tell everyone.