Most of us must have come across the word blockchain by now, either while skimming through a newspaper, surfing the net or by word of mouth. If not, you’re about to get a good grasp of the concept, which, surprisingly, has been with us for the past three or more years but has grew steadily in recent months. Concretely, people lack an understanding of what the underlying technology is and it’s also likely that terms such as Ethereum, cryptocurrency and bitcoin complicated matters and has left people scratching their heads. For starters, blockchain is becoming so popular that the tropical island of Mauritius is looking to develop an “Ethereum Island” and transform it into a blockchain paradise. So what is the hype all about and what’s the underlying principle of blockchain? Agilis Malta, software developers dedicated to writing software for blockchain, says: “Imagine having a book and whatever you write on that book can be seen by everyone around the world since everyone has a copy of that book. “It’s basically a distributed ledger whereby one can record financial transactions in a public ledger instead of a single institution such as a bank. The technology enables two parties to make an exchange without the interference or oversight of a third party. Read more here…

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