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Blockchain Explained (In 120 Seconds)

Courtesy of ZeroHedge. View original post here.

Last week we offered the ultimate beginner's guide to WTF Blockchain is. However, for those with even shorter attention spans – squirrel – WIRED magazine has managed to explain why there is such fervor surrounding the blockchains in under two minutes.

Saving the planetfixing healthcarereplacing conventional currency – there is apparently nothing that the shared-database technology known as blockchains can’t fix. At least, that’s the impression given by the horde of governmentsbanks, entrepreneurs, and tech companies working on the technology.

But what is a blockchain and why the excitement? If you’ve got 2 minutes, WIRED can explain…


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