#blockchainknowledge

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Contest Alert!!

Test your Blockchain knowledge and share your answers by commenting below.

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Blockchain Definition

Smith upped the ante Monday night by challenging attendees to describe what the blockchain is in 30 seconds or less. Hands flew up as people tested words and phrases like “ledger” and “galaxy of computers” or talked about the secure and efficient movement of assets. They threw out buzzwords like “trust,” “freedom” and “censorship resistance,” or even mentioned terms other groups had coined (excuse the pun), like “trustchain” and “trustnet.” But the room went into a hush during the recitation of a blockchain-explainer poem (appropriate given the many limericks the group had dreamed up in the previous 48 hours): “In blockchain we trust, People trusting people, Moving goods and services verifiably and reliably, From the bottom up,” contributed by Karen McArthur, a Canadian and New York attorney who advises Canadian venture capital firms, incubators and financial institutions. http://www.forbes.com/sites/laurashin/2016/06/10/on-sir-richard-bransons-necker-island-bitcoin-illuminati-reassess-blockchain-strategies/#2ee9ccbc40a4