After reading our first two articles about what a blockchain is, you know that in its most simple form it’s a method to store data. This method of handling data allows you to transfer value without involving a central entity. We made the comparison of blockchain being a protocol to transfer value with the internet being a protocol that enables you to transfer information. We also compared blockchain to the post being a “protocol” to send physical goods.
The Elements of a Blockchain
In this article, we want to discuss two important parties that play a part in a blockchain ecosystem: Miners and Nodes.
Identity in Blockchain
Next, we talk about where cryptography enters the scene and what this has to do with your identity. Without a concept of identity there can't be ownership.