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Blockchain is one of those words you hear all the time but not always entirely sure what it is. We all want blockchain technology explained. So here goes: In simple terms Blockchain is a digital ledger that can be programmed to record not just financial transactions but virtually everything of value.
So where was the clever money made in 2017? With little attraction for sitting in cash, investors have had to be flexible in where they place their money for a decent return – as well as try to balance risk and rewards.
Essentially a cryptocurrency is a digital currency. Think of it as electricity converted into lines of code with monetary value. The rise of Bitcoin and cryptocurrencies is with little doubt the biggest disruption to the monetary system for centuries.