Everyday we hear about Blockchain technology, Bitcoin, ICO, Ethereum but not many understand what blockchain, cryptocurrency and Smart Contracts are? How does it all work? How can blockchain be used in business and how will blockchain change the world?
The Blockchain is a technology based on the virtual digitized decentralized network with blocks of information. When you add any information in the network (e. g. transaction), you add it in all computers in the network. But if another user in this network adds his information and make a new block after yours, you cant modify your block. However, you can edit your block if you make it editing from all computers in the network and make similar changes in one moment only. It makes Blockchain one of the best technology for saving and to structure information.
Education is key to really take full advantage of all of its present and future application. Aside exposing high school students to this technology, kids in lower grades schools should also be introduced to this technology. Blockchain technology is here to stay and its now part of us, hence the need for education at all levels of our educational system.