The world of Web3 and blockchain can be quite complicated at first, but these beginner resources should help you get started. Please visit our downloads centre and links page for more online resources.
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What is Blockchain?
Background While the original concept of a blockchain came from the Bitcoin whitepaper in 2008, the concept has been expanded since to include many more features. The name blockchain largely refers to the structure of the technology. Blocks contain data that represents transactions. When a new block is added, it contains a unique signature or … Continue reading What is Blockchain?
What is Decentralization?
Background In the early 1960s, an American researcher at the RAND Corporation named Paul Baran identified a core issue with the United States security strategy: centralization. In an extensive paper he outlined his findings on how a system with any single point of failure could be easily compromised by a sophisticated attacker. The solution, as … Continue reading What is Decentralization?
What is Cryptocurrency?
Background Cryptocurrencies such as bitcoin or ether are scarce digital assets which exist on a decentralized network of computers. The currencies, which are referred to as coins or tokens, can be used within their network as a store of value or a medium of exchange. Digital Ownership In the same way that ownership of a … Continue reading What is Cryptocurrency?
Blockchain vs. Cryptocurrency
What is a Blockchain? Blockchains are distributed ledgers secured by cryptography. They are essentially public databases which everyone can add to and read. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. The consecutive string of every block ever executed makes up a … Continue reading Blockchain vs. Cryptocurrency