Bitcoin & Blockchain Baby Steps

Before getting into the Blockchain Explainer videos, audios and posts, I thought it would be helpful to take some baby steps first by oversimplifying Bitcoin and Blockchain, or, cypto-assets, crypto-economies/token-economies, and distributed ledger technologies. Crypto Assets, or, Tokens First, let’s take one baby step back and define “money”, as we know it today. Paper money…

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Potential network disruption | bitcoin

The Bitcoin block chain, which is a record of all Bitcoin transactions to date, relies on a network of thousands of Bitcoin nodes running Bitcoin software. On Mon Jul 31 2017 20:00:00 GMT-0400 (EDT), the Bitcoin block chain may experience what is known as a chain split. This is when a portion of Bitcoin’s nodes run software that another portion of nodes are not fully compatible with. As a result, some nodes may propagate confirmed transactions that other nodes may not accept or recognize. This may result in

Source: Potential network disruption | bitcoin

Warning? Really?

“Warning” seems a little light. If you have bitcoins, then you really need to read this warning and govern yourself accordingly before, during and after Monday Juyl 31, 2017 8 PM EDT. Nonetheless, what’s driving the “chain split” is pretty interesting.

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