Blockchain – Wisdombox

Trust – a social fabric

Preface – Smart contracts and decentralization One of the fundamental ideologies of a blockchain ecosystem is “trust”, rather “trustless”(ness). With smart contracts, a block of code would have the ability to run automatically setting the terms of a “contract” as per protocol, and would immutably persisted in the blockchain. In this post, I am goingContinue reading “Trust – a social fabric”

Barter to Bitcoin – an evolution story

What is money? At hind sight, it’s a piece of paper that can buy you anything from a cup of coffee to a house. But why is money “money”? In other words, why money has to be a unit of transaction? Why does it have a value? Seriously, what’s stopping us from printing shit tonContinue reading “Barter to Bitcoin – an evolution story”