Blockchain expert explains blockchain & distributed ledgers
The Backup Wrap-Up · W. Curtis Preston (Mr. Backup)
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Show Notes
We invite blockchain expert Val Bercovici, Founder & CEO of ChainKit, on the podcast to explain the basics of distributed ledgers, as well as the biggest distributed ledger – BlockChain. He explains what a distributed ledger is and why you might want one. We then talk about why someone would contribute to such a ledger, meaning why you would volunteer your resources to be part one – a process known as "mining." Then, as a precursor to our next episode, we talk a little bit about the security possibilities of a distributed ledger.