KillerSites Blog

New Kid on the Block[Chain]

October 5, 2018

There’s a lot of hype surrounding blockchain. But before you start signing up for blockchain 101 consider this…

Cryptocurrency. Bitcoin. Blockchain… These words have garnered their fair share of both esteem and infamy. But are we really talking about when we use these words? What’s the correlation and (let’s be honest with ourselves), how can we use it to make money?!

Well, let’s take Blockchain. Essentially it’s just a database, albeit an ingenious and very popular one right now, that regularly updates -and continually reconciles- all information stored on it (files, spreadsheets, etc.) in real time (for lack of a better word). Two users (or more likely two million users) can be messing around – editing and changing information at the same time- with no loss or corruption of data. Which makes it ideal for keeping track of and implementing Cryptocurrencies like BitCoin.

And just like any new and interesting thing on the market that can be implemented in ways that potentially save or make millions of dollars , there are classes and courses sprouting up everywhere offering education and certification in Blockchain – makes sense right? Should you drop everything and learn Blockchain? Not necessarily…

To be clear, we are not taking anything away from Blockchain, it is an amazing database that has and will have some incredible applications. We just think you should consider all your options. And as for cryptocurrencies like BitCoin, we have some insight and friendly advice into that too. But that’s another post… in fact, this one…right here…

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