By Matthew Sullivan, CEO of QuantmRE
Blockchain and cryptocurrencies are not the same thing, although one relies on the other.
Blockchain is the technology that enables the existence of cryptocurrencies, among many other potential applications. Cryptocurrencies are an electronic medium of exchange that are created and stored on the Blockchain.
Blockchain is a decentralized, cryptographically protected ledger of transactions that is stored across a distributed, peer-to-peer network. It was invented by Satoshi Nakamoto in 2008 to act as the public transaction ledger for Bitcoin, which he created as a solution for the double-spend problem that affects digital money systems. Unlike physical cash, digital cash consists of information held in a digital file that can theoretically be duplicated or falsified. As with counterfeit money…
