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Tag: banks problem

money

Money as we know it so far

The current system that handles our money, even if it has a lot of weaknesses, is still good enough for most of the time to make the world economy work and to make people to live a normal life. People can easily store value in money and they can use it for buying stuff. Easy so far, these are the main functions of the monetary […]

blockchain technology explained

Blockchain technology explained

Let’s take Bitcoin as an example in explaining what the blockchain technology is. The blockchain is a digital file, as a register where recordings are kept (in a special form) of all existing accounts worldwide and the amounts of bitcoins in each account. In fact, in blockchain are recorded only transactions made with bitcoins from its creation to date. Transactions New transactions are put into […]

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