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