Bitcoin and blockchain 101: Why the future will be decentralized

January 29, 2021 | 09:05am

A crash course in the history of money, the birth of Bitcoin, and blockchain technology.

We've all heard terms like Bitcoin, blockchain, and cryptocurrency being thrown around in the past few years, but what do they mean? Consider this your crash course.
Experts from across the spectrum of money and tech provide a history of commerce dating back tens of thousands of years, explain what blockchain and Bitcoin are and how they work, and offer insights into the differences between centralized and decentralized systems.
Because blockchain is incredibly difficult to hack, it has massive implications for elections, banking, shipping, land ownership—any domain where corruption is rampant. While the technology may feel abstract now, programmer Brian Behlendorf compares it to explaining the concept of email to people in 1993. One day, blockchain will be a seamless part of our lives.

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This story originally appeared on: Big Think - Author:Big Think

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