Blockchain 101
This is a potential advantage to blockchain technology.
What is...?
Global
Open to scrutiny
Eliminates Middlemen/fees
Decentralized
Immutable
This word is commonly used to describe a book or other collection of financial accounts of a particular type but now applies to Blockchain.
What is a ledger?
Unlike a bank, a public blockchain is often described by this term because no single entity has control over it.
What is decentralized?
This is a potential DISadvantage to blockchain technology.
What is...?
Energy Consumption
Scalability
Regulatory Uncertainty
This is the change in the underlying protocol of the Blockchain.
What is a fork?