Blockchain Made Easy

Bitcoin story is full of masala , it has mystery / drama / money / power / politics, every ingredient for making of a Hollywood flicker. It started with 2008 crash of financial institutions, wherein banks simply refused to honor their commitments citing heavy losses in sub-prime investments (read it as investments with no collateral). This led to a gentleman named Mr Satoshi Nakamoto ( by the way, this person is a mystery and nobody has seen or met him) to ask as to why do we need banks for money transfer in the first place? Why can't we transfer funds in a peer-to-peer fashion with no intermediary involved? Such a technology could be cheaper and faster too. So he set out to make a protocol, using virtually all the existing technologies to form a process which was immutable ( one that cannot be edited), trustless, secure and rewarding. He named it Bitcoin and released the whitepaper in 2009.  The technology backbone behind Bitcoin is called Blockchain technology or D...

Hello there, Ever since I took a dip in blockchain space, everybody ( and that include people in high places) around me seem to ask as to what exactly is 'Blockchain' ! Its actually good that they ask because a lot of people who don't (and know nothing about it) pass it on like a new fad that will go out soon or worse term it as a ponzi scheme. Well, actually they are not to be blamed because the amount of media space and financial muscle Blockchain has gathered in a few years (10 to be exact) makes one feel that the downfall will be equally fast. Much of this is attributed to the myth that 'Blockchain is same as Bitcoin' . But the truth is that except for the first letter, Blockchain is much bigger ( and better) than Bitcoin. Bitcoin is just one deFi (distributed finance) application and was the first application to be launched on Blockchain. For the first four odd years, till 2013, Bitcoin was the only application based on Blockchain. But all...