Explaining Bitcoin and Blockchain

Bitcoin and Blockchain – I’m sure most people have heard of both over the last few years, but many are still not quite sure what these are.  A little reminiscent of the ‘Internet’, ‘The Cloud’ or even more recently the ‘Internet of Things’, people hear new
terms like these and even use them in everyday conversations, but in the background are often quietly confused about what they are or even what they actually do. As with anything new, it can be difficult to break the jargon down and not only explain what it
is, but how it’s used in the real world. After 5 years of working in this exciting and fast-paced industry, here are a few key Bitcoin buzzwords worth understanding!

Where does Bitcoin’s story begin?

A little over 9 years ago Bitcoin was launched in a 9-page white paper by Satoshi Nakamoto (a publicly mysterious person or group) as a platform for trustless peer-to-peer transacting. Peer-to-peer simply means that transactions can take place between…