Quotes & Sayings About Blockchain

Today Ethereum is the second-longest and fastest-growing public blockchain. The — Don Tapscott

Blockchain verifies the information using the following steps: Consensus - it requires the majority of the block builders to agree that the occurrence actually happened. Consistency - requires that the new information fits with the previous block. Transaction - it requires that the transaction occurred by looking at the previous block, ensuring that two people did not record conflicting accounts of the information. Automated Conflict Identifiers - the software itself trolls for conflicts within the blocks and the structure. There is no centralized location, or big computer in the sky, where the information can be altered or stolen. — Jacob William

By the time you look a few hundred feet down, you are looking at a snapshot of the past that has remained undisturbed for millions of years. In the blockchain, the most recent few blocks might be revised if there is a chain recalculation due to a fork. The top six blocks are like a few inches of topsoil. But once you go more deeply into the blockchain, beyond six blocks, blocks are less and less likely to change. — Andreas M. Antonopoulos

Cloud-based, blockchain-based autonomous business entities running via smart contract could then electronically contract with compliance entities like governments to self-register in any jurisdictions in which they wanted to operate. Every business could be a general universal business first, and a jurisdictional business later when better decisions can be made about jurisdictions. The same could be true for individuals as general humans first, and citizens on demand later. — Melanie Swan

The digital keys in a user's wallet are completely independent of the bitcoin protocol and can be generated and managed by the user's wallet software without reference to the blockchain or access to the Internet. — Andreas M. Antonopoulos