A culmination of 40+ years of research in computer science, blockchains enable strong encryption and independent transactions to exist on a fully decentralized, global network of independent nodes that are community owned and monitored. The blockchain is a perpetual stream pulling the world towards automation of all data tracking and securitization processes, an absurdist Hail Mary to get rid of paper files and paper cash.
Traditionally, every time you use services such as Facebook or Snapchat, they own all of your data that you generate on their platform. Blockchains represent a fundamental shift in the Internet’s paradigms for information stewardship. Now, as smart contracting, DAOs, and functional programmatic distributed storage and identity verification emerge, the technological breakthrough that is the blockchain is continues its ascent. What will blockchains have amounted to as they advance over the next 5, 10, 20, 50, or 100 years?
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LITECOIN: this is another of the hottest cryptocurrency, finishing second to Bitcoin. This cryptocurrency currently values at 54.65 USD. This particular trending cryptocurrency was founded by Charlie Lee, who is an MIT Graduate. Litecoin is based on an open-source global payment network that is not controlled by any central government. This cryptocurrency has often been referred to as the “silver” to Bitcoin’s “Gold”. Being one of the most popular cryptocurrencies in the world, this one surely does stand up quite on its own.