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The Blockchain revolution

The Blockchain revolution

Slides for a lightning talk on the Blockchain revolution:
- what is a Blockchain
- why will it change the world
- what can you do in order to participate in the Blockchain revolution

lenkodonchev

August 03, 2017
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Transcript

  1. What is the BlockChain revolution? • Something that you don’t

    want to miss • The BlockChain revolution will change the world • A Bank in your pocket: no counterparty risk. No Middle man. Just you and your money. Cryptographically secured Bank in your pocket. • Be your own Government - print money at home by mining it • Send money to friends and family with very low fees • Built in inflation protection - limited supply • Send value over communications channel (something like e-mailing a gold coin) • Solves the distributed consensus problem
  2. BlockChain - A Chain of Blocks • Immutable data structure

    similar to a linked list • Cryptographic fingerprints • Append only • Links to previous blocks • The fingerprints are easy to verify but hard to generate (something like a one way function) • Generating the fingerprints is very computationally intensive. This difficulty is what makes the network secure.
  3. How to participate in the Blockchain revolution? • Buy cryptocurrencies

    • Mine cryptocurrencies (print money at home) • Stake cryptocurrencies (print money at home) • Participate in ICOs(Initial Coin Offerings) (lose money at home) • Contribute to Open Source Cryptocurrency projects • Participate in Air Drops. Free money (ByteBall, Stellar Lumens, BitCore)
  4. Participate in ICO (Initial Coin Offering) (Lose Money at Home)

    Tezos BOSCoin • Similar to IPO (Initial Public Offering) • Some are scams • High chance of losing money