Daniel Araya: The Promise of Bitcoin (and Blockchain) – An Interview with Andreas M. Antonopoulos

Data, Design, Governance, Innovation, Money
Daniel Araya
Daniel Araya

The Promise of Bitcoin: An Interview With Andreas M. Antonopoulos

My recent interview with Andreas M. Antonopoulos, information security expert and tech-entrepreneur, and the author of “Mastering Bitcoin”. 

EXTRACT:

2. Bitcoin is simultaneously a currency, a financial asset, and a technology protocol. Underlying bitcoin is the blockchain, a distributed public ledger. For people who are not intimately familiar with either bitcoin or blockchain, could you briefly explain what these technologies consist of?

The blockchain is a distributed database. The magic of bitcoin comes from sharing control over that distributed database through a consensus mechanism called “Proof of Work”. This ensures that no one is in control of bitcoin and that it operates based on predictable rules.