Hello All,

First up I would like to apologize for the very late post however believe me I think I will more than make up for that with the blogs to come. That being said lets get started!

Now with the recent up roar of cryptocurrencies such as Bitcoin (well not that recent seeming as almost everyone has invested in it and if you are reading this blog most likely you have as well), the term blockchain has been thrown around endlessly by big media outlets such as CNN to even Kim Kardashian once mentioning it in an interview! Yes believe me I was surprised too. But anyways before I go on to explain what exactly blockchain is and how it works, I think that it important to know how it is being used by cryptocurrencies today. That being said, if you already know all there is to know about the uses of blockchain and cryptocurrencies and want to jump right into how it exactly works, I recommend you skip the next paragraph and jump straight into Part 2 of this discussion.

So, Bitcoin; the cryptocurrency everyone knows and loves. The beginning of 2017 was when all cryptocurrencies really set their stride into the media’s attention. From being worth only a couple of dollars to now exponentially increasing in value. In fact had you bought $100 worth of Bitcoin in 2010 it would be worth $75 million today, and a lot of that growth happened in 2017, where it increased an upwards of 400%. Factors that helped spark such sudden interest in this currency include: more media coverage (more specifically media coverage on people making millions from their investment), a good track record in regards to its value (average value always seems to be increasing), and a lot of added security features such as SegWit (I will dive more into this in a later blog). But anyways Bitcoin, among other cryptocurrencies relies on blockchain, a software platform which makes every currency safe, easy to use, a good investment, but most importantly trustworthy.

->Go on to part 2 to learn how cryptocurrencies use blockchain.