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| Blockchain |
Blockchain technology explained easy :
Blockchain technology will drastically change our lives. In the coming years, the
technology behind crypto currencies such as Bitcoin will inevitably and
radically change the role of traditional trusted parties such as banks,
accountants, notaries, and governments.
The animated video about
Bitcoin that was released today on bitcoinbuy.org is the first to
specifically address the technology behind Bitcoin: the Blockchain. Within 5 minutes, it's explained however the essential
functions of the “trusted third party” are often automatized through the Blockchain furthermore as what the
implications of this area unit. From Bitcoin packaging to Blockchain revolution: a web of trust. With the arrival of crypto
currencies such as Bitcoin, everyone around the world can trade with each other
without any involvement from traditional third parties such as banks, notaries,
accountants, and governments.
Trade may be a basic
pillar of our economy and society, and ancient trustworthy parties play a
vital role during this. The technology behind Bitcoin creating all this
attainable – the Blockchain –
ensures that the essential functions of the “trusted third party’, area unit
totally automatized through the net. This way, these functions area unit as
freely obtainable, accessible, and programmable because the net itself. The
animated video, obtainable in each Dutch and English, explains how this works,
also mentioning practical applications.
The implications area
unit clear: within the returning years, the role of the normal
trustworthy parties can inevitably and drastically amendment, strongly
impacting our daily lives. The creators of this animated video invite its
viewers to admit and discuss the elemental and radical innovations created
attainable by crypto currencies. Rutger van Zuidam ecommerce entrepreneur and
founder of IntoBitcoin.com: “The Netherlands have all the assets to become
Europe’s Silicon Valley of financial technology. It is attainable for The
Netherlands to position itself favorably compared to the USA and kingdom,
United Nations agency area unit presently still ahead.
The technology behind crypto
currencies like Bitcoin plays an important role in leverage these
opportunities. We hope that the animated video concerning the technology behind
crypto currencies can absolutely have an effect on this development.” Lykle de
Vries: ”Bitcoin is not the new money for internet,but it is the new net for
cash, value and ownership in all forms. Crypto currencies like Bitcoin area
unit future step within the freeing of all world voters, and may facilitate
produce a replacement dynamic for democracy, society and economy.”
concerning the creators The
animated video is a non-profit initiative by designers Patrick Loonstra
(www.patrickloonstra.nl) and Sebas van den Brink (sebasvandenbrink.nl) and
entrepreneurs Lykle de Vries (ThesisOne.com) and Rutger van Zuidam
(Senanga.net, IntoBitcoin.com).
