Ep. 18 - What is Distributed Ledger, Cryptocurrency, & Blockchain w/ Isaac Arthur
CRYPTO 101
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The Difference Between Bit Coin and Cryptocurrency
Bit coin, the best known of the crypto curencies, is basically this village on a grnd scale. The strips of paper, the public ledge of the debt or transaction, is the block chain. A block chain is a data base of who transperred what to whom and when it happened. It differs from just ta plain ovd spread sheet in that it is broken up into batches of transactions called blocks. This makes for much easier trade, which tends to be handy.
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