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#18 - On Tech | The Impact of Blockchain & the Use Cases
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My goal is to reinforce the importance of the Blockchain Technologies mentioned in the previous episode, while also helping us get a little more familiar with this very important innovation.
DEFINITIONS
DEFINITIONS
- Decentralization - The transfer of control of an activity or organization to several local offices or authorities rather than one single one.
- ICO - Initial Coin Offering. A type of crowdfunding.
- FIAT - Government issued currency, such as the US Dollar.
- HODL - Someone misspelled "Hold" in a forum and it went viral.
- Market Cap - Total Supply times the Current Price point.
- Cold Storage - Cryptocurrency stored in paper wallet or hardware offline.
- ROI - Return on Investment
- FORK - When a blockchain splits into two separate chains.
- FUD - Fear, Uncertainty & Doubt. Often propaganda to lower prices.
- ATH - All-Time High. The highest price a coin has ever been.
- API - a set of functions and procedures allowing the creation of applications that access the features or data of an operating system, application, or other service.
Today's Resources & Links
- Deloitte's Blockchain Trend 2020 Report
- Blockchain Technology In The Future: 7 Predictions For 2020
- ShapeShift delists privacy coins Monero, Zcash and DASH over regulatory concerns
- Hyperledger
- Chainlink
- Blockchain voting is the alternative for trusted democratic elections
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