Anyone who knows about cryptocurrency is aware of blockchain technology. It is a very important part of the whole crypto world, and many people even think that this is the only usage there is for blockchains.
There are plenty of ways blockchains can be used. This is because how blockchains work is relatively simple. This opens many different doors for plenty of different ways to use the technology for different purposes.
Cryptocurrencies are possible because of blockchains
Blockchains were not originally created for cryptocurrencies, as many might believe. Blockchain technology is a much older innovation, going all the way back to the beginning of the 80s. This is when a cryptographer called David Chaum first proposed a blockchain-like protocol.
Even though this makes blockchain technology much older than the first cryptocurrency, Bitcoin, many people think that blockchains were invented for Bitcoin. This is why many Crypto Blog and blockchain blogs intertwine with each other. There is a good reason for this misunderstanding.
Namely, cryptocurrencies were the very first actual usage for blockchain technology. Before this, blockchains were mainly theoretical, but cryptocurrency made them more usable. Looking at this from the cryptocurrency’s point of view, blockchains were the one thing they had been looking for to make the whole technology secure and safe from tampering.
Continue reading: https://www.sproutwired.com/blockchain-technology-is-not-limited-to-cryptocurrency-usage/
There are plenty of ways blockchains can be used. This is because how blockchains work is relatively simple. This opens many different doors for plenty of different ways to use the technology for different purposes.
Cryptocurrencies are possible because of blockchains
Blockchains were not originally created for cryptocurrencies, as many might believe. Blockchain technology is a much older innovation, going all the way back to the beginning of the 80s. This is when a cryptographer called David Chaum first proposed a blockchain-like protocol.
Even though this makes blockchain technology much older than the first cryptocurrency, Bitcoin, many people think that blockchains were invented for Bitcoin. This is why many Crypto Blog and blockchain blogs intertwine with each other. There is a good reason for this misunderstanding.
Namely, cryptocurrencies were the very first actual usage for blockchain technology. Before this, blockchains were mainly theoretical, but cryptocurrency made them more usable. Looking at this from the cryptocurrency’s point of view, blockchains were the one thing they had been looking for to make the whole technology secure and safe from tampering.
Continue reading: https://www.sproutwired.com/blockchain-technology-is-not-limited-to-cryptocurrency-usage/
