Ever since I read about Dubai being the first to go wholly for blockchain technology, I have been trying to understand what it is all about without being any wiser despite Guru Google.
I am waiting for a geek to appear to explain it all to me. In the meanwhile, this cartoon resonates with me. Please click on the image for a larger resolution.
I don’t understand it either, and I’m not going to spend much time on it yet. I first read about it in regards to Kodak getting involved. I don’t understand how that works either! https://www.coindesk.com/kodak-is-also-backing-a-new-bitcoin-mining-service/
Cheerful Monk recently posted..The Good Year 2017
The Kodak element has stumped me too. Be that as it may, I would like to see it being implemented and then perhaps will be able to comprehend fully what it is all about.
This claims to be a simplified explanation: https://www.weforum.org/agenda/2016/06/blockchain-explained-simply/
Cheerful Monk recently posted..The Good Year 2017
Thank you. It was of some help but the old brain is slow to learn new things!
I can’t be arsed and know I should.
XO
WWW
Wisewebwoman recently posted..A wee giftie
Yes, we should, but at our age, it does not really matter if don’t.
okay – well not okay – but okay for now… it does looks like it will be safer in there will less ways to defraud someone or something…but then there are always going to be those smart people, the hackers who work around the system, so hopefully that will be a loophole that doesn’t…etc
We will simply have to wait and see. I am glad that Dubai will implement it first as it is small enough for experimentation and innovation before larger countries like we adopt the technology.