{"id":8065,"date":"2022-09-26T19:23:54","date_gmt":"2022-09-26T19:23:54","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8065"},"modified":"2022-09-26T19:23:54","modified_gmt":"2022-09-26T19:23:54","slug":"blockchains-and-the-future","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/26\/blockchains-and-the-future\/","title":{"rendered":"Blockchains and the Future"},"content":{"rendered":"\n<p>You should now have a basic understanding of how blockchain technology does work in the wild and why they are such a revolutionary idea. Blockchains are a radical new way of producing trust in the digital age without the need for a central authority.&nbsp;<\/p>\n\n\n\n<p>To understand the impact blockchains could one day have, it may be useful to look back at the technology&#8217;s creation.&nbsp;<\/p>\n\n\n\n<p>Remember the term genesis block from earlier? This is the name given to the first block on a blockchain. The genesis block on the first blockchain, Bitcoin, contained the following message:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\"The Times 03\/Jan\/2009 Chancellor on brink of second \nbailout for banks.\"\u00a0<\/code><\/pre>\n\n\n\n<p>A reference to the newspaper headline of that date reporting another bailout of the financial institutions that had caused the infamous financial crisis of 07\/08.&nbsp;<\/p>\n\n\n\n<p>Whatever your thoughts on the hype of blockchain technology, there&#8217;s no doubt that it was developed with an ambition to change how the world works &#8211; for the better &#8211; by focusing on what makes it go round &#8211; money.&nbsp;<\/p>\n\n\n\n<p>Now that you know a bit more about what it does and how it does it, I hope you can see that blockchain might be the catalyst for change in so many other ways where trust, and its abuse, have blighted civilisation.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You should now have a basic understanding of how blockchain technology does work in the wild and why they are such a revolutionary idea. Blockchains are a radical new way of producing trust in the digital age without the need for a central authority.&nbsp; To understand the impact blockchains could one day have, it may [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[455],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8065"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8065"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8065\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}