Blockchain is the backbone Technology of Digital CryptoCurrency BitCoin. 

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Blockchain is the backbone Technology of Digital CryptoCurrency BitCoin.

A blockchain is a distributed software network that functions both as a digital ledger and a mechanism enabling the secure transfer of assets without an intermediary. Just as the internet is a technology that facilitates the digital flow of information, blockchain is a technology that facilitates the digital exchange of units of value. Anything from currencies to land titles to votes can be tokenized, stored, and exchanged on a blockchain network.

In addition to the secure transfer of value, blockchain technology provides a permanent forensic record of transactions and a single version of the truth – a network state that is fully transparent and displayed in real time for the benefit of all participants.

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This week’s discussion centers around the concept of Blockchain.  There is still much confusion regarding what Blockchain is and what it is not.  Please discuss your explanation of Blockchain to include why it has been gaining so much popularity.

Please make your initial post and two response posts substantive. A substantive post will do at least TWO of the following:

  • Ask an interesting, thoughtful question pertaining to the topic
  • Answer a question (in detail) posted by another student or the instructor
  • Provide extensive additional information on the topic
  • Explain, define, or analyze the topic in detail
  • Share an applicable personal experience
  • Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
  • Make an argument concerning the topic.

At least one scholarly source should be used in the initial discussion thread. Be sure to use information from your readings and other sources from the UC Library. Use proper citations and references in your post.

What are we doing this week?

  • Read more on blockchain in the required reading
  • Participate in the discussion forum
  • Watch the video lecture

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