Modern life consists in large part of entries in databases. If you own a house your ownership is probably written down in some database. In the US this often means there's a record of you buying the house Your title can be found in a county clerk's office. You have a key to the front door and all your stuff is there. A bank will want to make sure you have the title before giving you a mortgage. Plus lots of other stuff much of modern life occurs online. One ledgers bitcoins blockchains part a life in databases.
Listen to an audio excerpt from this week's special issue of Businessweek magazine, where finance columnist Matt Levine uses the full issue to explain where crypto came from, what it all means, and why it still matters.
See omnystudio.com/listener for privacy information.