A collection of the most helpful articles explaining how the new blockchain economy will change are world forever.
3 Web Giants That Could Be Decentralized on a Blockchain
The web has taken over our lives, and with that, online enterprises have grown into huge monoliths of power.
Yet, while tech giants give us access to the stuff we like – music, movies, shopping – blockchain enthusiasts think an individual's web experience could be greatly improved by decentralization.
If the web's giants decentralize, the web itself will become a wildly different place – it's hard to even wrap your head around, just like it would have been impossible to imagine meme culture in 1999.
Today, a site and its database are one entity. In the decentralized version, the database doesn't belong to its creators; it belongs to its community, and that community can build lots of different business models on top of the database.
How blockchain could kill both cable and Netflix
Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise. So can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon and be the final death knell for Cable?
Video production studios have already seen a lot of disruption recently. Websites like Youtube and Twitch have created a mass market for user-generated content, stripping the cable networks and studios from their positions as the sole creators of mass-market video content. Yet, despite the rise of these mega-websites, most high quality scripted entertainment content today, still comes via a largely centralized model.
Is blockchain technology the new internet?
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.
Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Blockchain guide.