A Beginner’s Intro to Blockchain and Crypto

By John Riley III & Eloisa Marchesoni

Cryptoweek
Mar 1 · 14 min read
Image by Hacker Noon

Blockchains

In early 2017, the main thing people talked about was that it would be hard for enterprises to use Blockchain because it was a public platform in which everyone could have access to your transactions. When you get into the Blockchain space, you start to learn that is moving faster than you think. I like to say “Blockchain is moving at a fast snail’s pace”. By the end of 2017, the Hyperledger platform brought attention to private Blockchains, and as we moved into mid-2018 you started hearing more about Permissioned, Hybrid, and Federated Blockchains. Now you have the following Blockchains to leverage:

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Cryptocurrencies

Not wanting to focus too much on the fact that “cryptocurrency” is an improper term — at present digital currencies lack at least two of the three characteristics attributable to currencies (value reserve, unit of measure, and medium of exchange). We must, however, focus on the meaning of the word “cryptocurrency” itself. It refers to anything that has value and can be exchanged in an encrypted manner between individuals, without the need to rely on a third-party guarantor. This definition goes beyond the characteristics of the instrument since it applies to both coins and tokens, which are nothing but a subset of cryptocurrencies.

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Cryptoweek

A community sourced content platform for cryptocurrency and blockchain.

Cryptoweek

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A community sourced platform for cryptocurrency and blockchain content.

Cryptoweek

A community sourced content platform for cryptocurrency and blockchain.