This week on Cyber Frontier Christian dives into the state of affairs in the cryptocurrency battle for adopters and the ultimate future of blockchain. We discuss some of the origins of what made Bitcoin popular and misunderstood, while re-tracing how it enabled blockchain technology to gain stronger visibility in the eyes of technologists. From here we discuss the fundamental advancements in computer science that enabled blockchain to succeed, and discuss its future in shaping the internet over the next 10 to 25 years. We also discuss other use cases blockchain is likely to expand into, and provide some initial forecasts for what Blockchain may ultimately become.
Cyber Frontiers is all about Exploring Cyber security, Big Data, and the Technologies Shaping the Future! Christian Johnson will bring fresh and relevant topics to the show based on the current work he does.
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Tags: Podcast, Cyber Frontiers, Bitcoin, Blockchain, Double Spending, BTC, Crypto Currency, Crypto, Distributed Ledger, Coinbase
Reflections on Blockchain vs. Crypto
Bitcoin Hits Its One Year Low
Use Case: Pharma, What is a Distributed Ledger?
“Through every subsequent transaction, the ledger is encrypted and verifiable throughout the chain. If there is a ledger with 100 transactions, for instance, each transaction is verifiable through its previous and subsequent transaction. In short, blockchain can provide anonymity and trust to verify and audit any activity.”
“Bitcoin was the first major digital currency to solve the issue of double spending. It did so by implementing this confirmation mechanism and maintaining a common, universal ledger system. In this way, the bitcoin blockchain retains records of time-stamped transactions going back to the founding of the cryptocurrency in 2009.”
Why Did the Market Go South Today?
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