• Bitcoin Blockchain
    Economics,  Finance

    Digital Money: Where Does Bitcoin Come From?

    Being financially-savvy is essential for the preservation or improvement of one’s social status. The Encyclopaedia Britannica lists four major economic crises and upheavals that occurred since the Great Depression in the 1930s. Establishing bitcoin was one of the responses of some tech enthusiasts to the 2008 Global Financial Crisis. It showed the inherent weaknesses of traditional financial institutions such as banks. Thus, Bitcoin presented itself as novel currency system that would not have the inherent shortcomings of traditional currencies. According to the Center for Alternative Finance – University of Cambridge, there are at least 2.9 million unique users in 2017 that used bitcoin-filled digital wallets. “Mining” Bitcoins Bitcoins is loosely…

  • Blockchain
    Futurism,  Internet,  Security,  Software

    The Blockchain and The Byzantine Generals Problem

    Twenty years ago, nobody would have predicted the impact that a popularized global information network would have on society–and even though the internet has only been around for a little over two decades, we still have yet to max out its potential, with wearables, connected home devices, and other Internet of Things (IoT) components just recently becoming popular. Nevertheless our dependence on the worldwide web is easily demonstrated. For example, in 2014, it was calculated that $1.2 million dollars worth of business was done every 30 seconds online, and Pew Research released a report showing that only about 13 percent of Americans don’t use the internet. You would think that…