Blockchain Made Simple – What is the Blockchain?
Blockchain Made Simple: What is the blockchain?
Blockchain is one of the hottest sectors in the market, yet few investors really understand what the blockchain is, and how it works. This is why DMG Blockchain Solutions is presenting Blockchain Made Simple. Hosted by Dan Reitzik, Blockchain expert and CEO of DMG Blockchain Solutions; Blockchain made Simple is a series of fun, easy to digest explainer videos, answering questions like What is Cryptomining? What is Blockchain used for? and How do I buy Bitcoin?
So what is the Blockchain?
The blockchain can be compared to an accounting ledger that is digital and viewable by all and is widely used by cryptocurrencies. The blockchain describes a set of transactions, blocks like a financial trade or an asset like a Bitcoin all linked together in a chain so that any attempt to alter one block will be immediately recognized by all the other blocks. This entire blockchain is distributed and stored on multiple computers called nodes all over the world so that not a single authority can control it. Each node verifies and stores its own copy of the entire blockchain so hacking is impossible. Using blockchain ensures that no data can ever be altered.
DMG is a diversified cryptocurrency and blockchain platform company. DMG’s strategy is to become the domain experts in verticals across many industries – agriculture, pharmaceuticals, energy, precious metals, transportation, financial services and manufacturing.
DMG’s management team includes seasoned bitcoin mining experts, forensic & financial professionals, blockchain developers, with deep relationships throughout North America and Japan, with previous experience working at Bitfury, PwC, EY, Cisco and UBS.
About Dan Reitzik
Dan Reitzik is a successful entrepreneur having built companies at the forefront of societal change. These include Digital Youth Network, a teen focused wireless community, which was a joint venture between Rogers Wireless, Canada’s largest mobile phone network, and Universal Music, the world’s largest record label.
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