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YOUR PURSUIT OF PURPOSE
Welcome to YourPOP, the Your Pursuit of Purpose podcast. This is a platform for underrepresented and underprivileged to speak on their successes, excellence, and overcoming adversity.
WHAT IS A BLOCKCHAIN?
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.
HOW DOES A BLOCKCHAIN WORK?
The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).
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FRESH CRYPTO NEWS AND INFORMATION
- Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Expressby Cointelegraph by Yohan Yun on July 25, 2024 at 11:30 pm
Asia’s top automobile manufacturer’s latest research details how Ethereum can turn vehicles into public infrastructure as Korean police crack $2M drug case, and more!
- Cardano ready for Chang hard fork after latest validator node releaseby Cointelegraph by Derek Andersen on July 25, 2024 at 7:57 pm
The first phase of the Chang era is the beginning of the network’s transition to decentralized governance.
- Web3 venture funding stabilizes after rocky 2023 — Crunchbaseby Cointelegraph by Alex O’Donnell on July 25, 2024 at 6:45 pm
Large funding rounds are still few and far between in Web3, according to Crunchbase.
- VanEck says Bitcoin could hit $2.9 million per coin by 2050by Cointelegraph by Alex O’Donnell on July 25, 2024 at 6:00 pm
Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.
