At Mapleblock Capital, we have bet our full attention on the blockchain. However, for those outside the industry, it could be hard to understand the reasoning behind such a choice. In simple words, a blockchain is a database with a shared global state that can be validated by every party in the network. This simple property allows blockchain to have far-reaching potential by allowing people to settle transactions globally without any permissions or counterparty risk. This becomes incredibly important because it is the only method, developed so far, that we can use to run a global economic system over the internet. Hence, blockchain allows us to add a ‘money’ layer and ‘verification’ layer on the internet and opens up the doors to a new epoch for the web altogether.
Let’s discuss further the applications and possibilities of blockchain:
1. The first application of blockchain technology was Bitcoin. Bitcoin has all the properties of being global, fast, permissionless, and works without counter-parties; however what’s interesting is that Bitcoin was designed as a fixed supply digital asset, in the aftermath of the 2008 financial crisis. Thus, the programmability of blockchain allows for the creation of different financial products that mirror the real world. The Bitcoin case in point mirrors the store of value properties of Gold, however different blockchains have different properties with the same core principles.
Continue reading: https://www.thehindubusinessline.com/brandhub/the-big-bet-on-blockchain-going-web20-to-web30/article65293186.ece
Let’s discuss further the applications and possibilities of blockchain:
1. The first application of blockchain technology was Bitcoin. Bitcoin has all the properties of being global, fast, permissionless, and works without counter-parties; however what’s interesting is that Bitcoin was designed as a fixed supply digital asset, in the aftermath of the 2008 financial crisis. Thus, the programmability of blockchain allows for the creation of different financial products that mirror the real world. The Bitcoin case in point mirrors the store of value properties of Gold, however different blockchains have different properties with the same core principles.
Continue reading: https://www.thehindubusinessline.com/brandhub/the-big-bet-on-blockchain-going-web20-to-web30/article65293186.ece
