Sometimes we throw around words and concepts and pretend like we know what they mean. And for many, “Blockchain” is one of them. Case in point, earlier this week, someone told me to “separate the wheat from the chaff.” After a long, awkward moment of staring at them intently and trying my very hardest to look unflustered. I said, “yeah, no problem — sounds good.” Lol … in case you are wondering, to “separate the wheat from the chaff” means to distinguish between quality and worthlessness. I had to run a quick Google search to figure out what the heck this person was trying to say, and luckily I found my answer right away.
But other times, a quick definition of a word or phrase doesn’t do us justice. Sometimes, it can leave us more confused than when we started. I know I’m not alone when I say that blockchain can be one of those words. So instead of writing a textbook definition of what blockchain means, I have a lovely little video — courtesy of the Institute for the Future (IFTF). So sit back and enjoy the show!
Now you’re a self-proclaimed blockchain expert, right?! I know this video is short and to the point but it does a crazy good job of laying the facts straight. Once you get the basics down about blockchain, the rest of these crazy big words like bitcoin, Ethereum, and Litecoin don’t seem so overwhelming.
Did this video help you understand blockchain better? Tweet @StarterNoise.
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Katherine is a newbie to Denver. She recently completed her Masters in Peace and Justice Studies at the University of San Diego. When she isn’t trying to save the world, Katherine is all about trying any and all delicious foods, hitting up the beach but not actually swimming (deathly afraid of sharks), and taking as many hikes as humanly possible.