How Blockchain Works: Why Blockchain?

Name: How Blockchain Works: Why Blockchain?
Uploaded: 2024-01-19T14:45:12.587836808Z
Description: Dive into the history of transactions and ledgers, tracing the evolution of how we keep track of value and exchange goods. From the invention of money to the development of blockchain technology, we'll examine why blockchain matters and its potential impact on the future.

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Dive into the history of transactions and ledgers, tracing the evolution of how we keep track of value and exchange goods. From the invention of money to the development of blockchain technology, we'll examine why blockchain matters and its potential impact on the future. Created by Code.org.

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G. Tarun
Posted a month ago. Direct link to G. Tarun's post “Does the idea of a blockc...”
Does the idea of a blockchain itself assume that governments and corporations—concentrations of power—are inherently, or at least can, be untrustworthy or corrupt? How might blockchains themselves go wrong, though?
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(2 votes)
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- ³oɔiiᴎ
  Posted 20 days ago. Direct link to ³oɔiiᴎ's post “The concept of blockchain...”
  The concept of blockchain doesn't necessarily imply that governments or corporations are untrustworthy. Instead, it offers a way to create secure and transparent systems for recording transactions without relying on central authorities. However, blockchains aren't perfect and can face issues such as attacks by malicious actors, exploited through controlled power, vulnerabilities in smart contracts, privacy concerns, scalability problems, and regulatory challenges.
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  (1 vote)

Financial Literacy

Course: Financial Literacy > Unit 12

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