Online Learning Update

August 31, 2017

Here’s How Blockchain Will Eliminate Middlemen And Usher in a New Paradigm

Filed under: Online Learning News — Ray Schroeder @ 12:04 am

by Michael Oved, Futurism

A new paradigm of transaction execution called blockchain could eliminate the need for all of these middlemen. In a blockchain, transactions are verified by distributed nodes, and anyone can join or leave the network as they please without disrupting the network’s ability to form consensus on transactions. Instead of using a single computer to manage transactions, like we do now, we could leverage a global computer. Bitcoin was the first example of a blockchain being used to communicate value globally, with trust and without middlemen, and Ethereum extends the power of the blockchain.

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