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Blockchain, cryptocurrency and Bitcoin for businessess - sage.com






What is Blockchain and How Does it Work?

 

Blockchain may have an essential role in validating cryptocurrency payments, but it’s potential is far greater. Essentially a digital ledger, blockchain records transactions and stores data in "blocks" which is then linked to previous records using the encryption technique of cryptography.

 

To further improve security, this digital ledger is stored on thousands of computers across the globe simultaneously. As multiple copies exist, it’s impossible to change or alter data once it is entered into the block.

　



Sage guide to blockchain

 

 

Applications of Blockchain

 

The high-level of security provided by blockchain makes it perfect for supporting a whole range of digital platforms - not just cryptocurrency. Today, it’s used to bypass third-parties to create smart contracts, to quickly and cheaply send money internationally and process payments, and even to improve online security by using cryptography rather than passwords to allow individuals’ access.

 

Blockchain also has the potential to improve security for voting, private medical records, and significantly disrupt industries. Over the next few years, it’s expected that blockchain will become mainstream as it’s integrated into more of our digital technology and used by more businesses.

 

Learn more about Blockchain, Cryptocurrency, and Bitcoin with Sage’s in-depth guide.

Based on a blog article by Stacey McIntosh for Sage looking into the use of cryptocurrencies for 'normal' businesses
Created On  24 Sep 2018 12:15  -  Permalink

Comments

"An impressive share! I have just forwarded this onto a coworker who had been doing a little
homework on this. And he actually ordered me dinner simply because
I found it for him… lol. So allow me to reword this….
Thank YOU for the meal!! But yeah, thanks for spending some time to discuss
this topic here on your blog."
Posted By: Eve Hunt - 3 Nov 2018 8:09
"I have learnt a lot of things from Money Morning, but this is ridiculous. I have been following the Bitcoin's ups and downs and it seems to be backed by the Russians - would you trust anything to them?
RT news seems to be intent on continuing the cold war with the US. Their news coverage is mainly about Wikileaks and the Bitcoin. It has got boring sadly, because they used to show some interesting news stories."
Posted By: Ross Alisha - 10 Nov 2018 5:43
"First, I am a complete newbie here and i’m trying to buy a digital product. I am really open to more tips.
So, I am about to sign up to buy bitcoin from localbitcoin and they are asking for my email address. Is it ok to use my protonmail.com email address for privacy purpose? I’m taking your advise not to link my real life info, but I have to buy the bitcoin through paypal, which has my real life info. I’m confused! Please help! Thanks for your time."
Posted By: Deepweb links - 1 Dec 2018 6:44
Frankly I do not understand bitcoin or the blockchain.

Can anyone please direct me to a book or site that is very BASIC on the subject.
Posted By: Moses Brodin - 14 Jan 2019 8:30
Some have emailed us asking for a simple introduction to blockchain/crypto currency. We suggest starting with the book 'Blockchain for Dummies' https://books.google.co.uk/books?id=ogu4DgAAQBAJ&printsec=frontcover&dq=blockchain+for+dummies&hl=en&sa=X&ved=0ahUKEwjst8vdge3fAhVVRxUIHUQQD5AQ6AEIKjAA

Then perhaps the books Bitcoin for Dummies and Ethereum for Dummies
Posted By: Open Seas - 14 Jan 2019 11:02
"How does the flow of Cryptocurrency handled? How is the ratio between supply and demand balanced? I have read that there has been times when the security of crypto-network has been compromised. Is it really the future of Digital Money? Rather than a currency, it seems to be an investment scheme plan. I am not trying to be a critic here, just a lot of questions bubbling into the mind.

"
Posted By: Alisha Ross - 14 Feb 2019 10:10
Perhaps this is the future for block chain

https://bit.ly/2GouZDu
Posted By: Open Seas - 15 Feb 2019 15:36

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