BLOCKCHAIN MADE SIMPLE

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Blockchain is peer-to-peer software that makes sure that a digital piece of information is correct it was created to make the alternative currency Bitcoin but it can also be used for other cryptocurrencies online vote systems signature services and a lot of other things we show you how it works and what

Makes it unique in this movie paper money is used by everyone you know a $10 bill is real when you see it what if someone emailed you and said here is $10 you probably wouldn’t trust it when we send money to someone else on the

Other hand we use an ATM or our bank card to pay we are sending money through email these messages go through a few safe banks that keep track of everything to make sure no one is lying or giving money they don’t have they know how much

Money each person has and take the right amount out of each Exchange but this costs a lot when a million deals happen every minute around the world there were more than $1.7 trillion in fees that Banks charged us to handle these payments in 2014 altogether that’s about 2% of the

World economy much of this cost can be saved with blockchain which lets us send money like we would an email blockchain doesn’t use a few sites to send a lot of payment information instead it uses thousands of personal computers on the internet all transactions are saved on all computers

And checked against each other in The Ledger a systemwide financial book this makes it very safe as it grows blockchain not only lets us make safe online money but it also keeps all of our digital information safe this could include online voter IDs ballots contracts and many other formal

Documents that bring government into the 21st century