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Strategies & Market Trends
Blockchain and Cryptocurrencies
An SI Board Since December 2017
Posts SubjectMarks Bans Symbol
6634 254 1 BTC
Emcee:  Glenn Petersen Type:  Moderated
A blockchain is a digitized, decentralized and globally distributed public ledger of transactions that is constantly growing as completed blocks (the most recent transactions) are recorded and added to it in chronological order. The Harvard Business Review has described it as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” A blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of subsequent blocks, which requires collusion of all of the other blocks in a chain. All of this happens in an open and transparent environment.

The first blockchain was conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as the core component of the technology underlying bitcoin, where it now serves as the public ledger for almost all cryptocurrency transactions.

Blockchain’s cryptocurrency applications are only the tip of the iceberg of its potential applications. Some observers believe that the widespread adoption of the blockchain technology could potentially be more disruptive than the introduction of the Internet. Some blockchain boosters say that the development of blockchain rivals, in significance, the introduction of double-entry bookkeeping in Renaissance Italy. Blockchain in this context is triple-entry bookkeeping where the third entry is a verifiable cryptographic receipt of every transaction.

Many businesses, from energy to healthcare to food are already exploring and implementing blockchains in an effort to trim costs\ and secure and share information more efficiently. They do so knowing that there very survival may be at stake.

Corporations and individuals can create private “permissioned” blockchains which use an access control layer to govern who has access to the network. In contract to public blockchain networks, the users on private networks are vetted by the network owner.

This board has been created to discuss the underlying technology of blockchain, the potential and actual usage of the technology and, most importantly, the investment opportunities surrounding blockchain. Inevitably, these will include the cryptocurrencies and some casino stock plays that will flare out and crash.

"Software is eating the world" - Marc Andreessen

External resources

Cryptocurrency market caps: coinmarketcap.com

Estimated cost of Gas transactions: 28-22 Gwei | GAS NOW - ETH Gas Price forecast system

Satoshi Nakamoto whitepaper (Bitcoin: A Peer-to-Peer Electronic Cash System): bitcoin.org

Vitalik Buterin whitepaper (A Next Generation Smart Contract & Decentralized Application Platform): the-blockchain.com

Decrypt: Your guide to Bitcoin, Ethereum & Web 3.0 - Decrypt

Coindesk: coindesk.com

Cointelegraph: cointelegraph.com

The Block: The Block - The first and final word in digital assets (theblockcrypto.com)

Related SI boards

Bitcoin:
Subject 59173

GBTC: Bitcoin Investment Trust (not an ETF): Subject 59732

Coinbase Global: Coinbase Global, Inc. (COIN) | Stock Discussion Forums (siliconinvestor.com)

Riot Blockchain: Riot Blockchain, Inc. (RIOT) | Stock Discussion Forums (siliconinvestor.com)

IOTA (which does not use a traditional blockchain technology): Subject 59917

Binance (BNB): Subject 59928

Wagerr (WGR): Subject 59927

Fintech: Subject 59550

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6634ETHUSD.... CUP & HANDLE [graphic]longz-Thursday
6633ETHE Wave Count Update. Wave (v) of 1 is in play with a target range of 39.21 - #Breeze1Thursday
6632RIOT Wave Count Update. Sub-wave 3 of sub-microwave (1) is in play with a target#Breeze1Wednesday
6631True, but not all blockchains are created equal.Claude Cormier-Wednesday
6630blockchain improve data integrity? Blockchain improves data reliability by utilbsetech01-Wednesday
6629[graphic]Savant-Tuesday
6628U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden'Savant-Tuesday
6627Concern of an ETF approval for ETHE has weighed on its price. Probability for ap#Breeze-Tuesday
6626IBIT Wave Count Update. Today's high was 0.85 from my Submicrowave (3) targe#Breeze1Tuesday
6625$ETH skyrocketed 19% its biggest daily gain in a YEAR! ETF approval rumors fueCryptoAlerts-Tuesday
6624$PEPE eyes a rally as #AltcoinSeason heats upBullish engulfing candle on 1D charCryptoAlerts-Tuesday
6623nasdaq.comtechtrader73-Monday
6622BTCUSD is in its 4th bull market. This logarithmic chart provides the attributes#Breeze3Monday
6621[graphic]da_spot-Monday
6620BTCUSD... [graphic]longz-Monday
6619I think it's going to $120k by December. BTW - Does anyone know why ETHE isElroy-Monday
6618BTCUSD Wave Count Update. The breakout from a bull flag/pole formation finally h#Breeze2Monday
6617 $HBAR! Double top forming & price under pressure. Will it crack $0.10 or cCryptoAlerts-Monday
6616$GRT Price on the Move: Breakout or Bull Trap? The Graph (GRT) is ready to partyCryptoAlerts1Monday
6615AVAX Price Stalled: Moon Mission on Hold? AVAX faces a triple top threat, with CryptoAlerts-Monday
6614ETHUSD Wave Count Update. Minute Wave (circle) iv is complete, Minute Wave (circ#Breeze2Sunday
6613i don't do wallets at moment...not sure if i will use again....I had Ledger longz-last Saturday
6612So your from Canada... I have traded the bitcoin etf's...just recently playitechtrader73-last Saturday
6611Enjoy your tradings.Claude Cormier-last Saturday
6610Coinbase.com and TSX TMX TSX | TSXV - Toronto Stock Exchange and TSX Venturlongz-last Saturday
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