Blockchain is useless

Blockchain is mostly useless. But it’s here to stay.

This technology is not going away. The world of blockchain still needs a lot of development, but it’s going to change the business world.

How blockchain is used currently?

You’ve probably heard about blockchain and all the cool stuff that it’s going to change. Well, that’s true. Blockchain is a way to store data on the internet. You can use blockchain to store data in a new and better way.

The first thing to understand is that there are lots of different types of blockchain (not all of them are good).

The Ethereum network is currently the world’s largest decentralised-world. The blockchain is the core unit of the network, with Ethereum’s current version being called Ethereum Classic, and the largest version to date being called Ethereum. Miners are developers who can participate to the network and validate and secure new transactions. Miners have the power to solve the computational problem of adding new transactions to the blockchain. Miners do this using a process known as “proof of work” which is an algorithm to find new blocks using their computers. The process of proof of work relies on a set of rules. Some of these rules are known as “smart contracts”. Smart contracts are…