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Demystifying Blockchain


Thursday, October 11, 2018

For cryptocurrencies, blockchain is the ledger of transactions involving the currency. So, how does it work?

In this video, recorded at a recent Dialogue with the Fed event, St. Louis Fed Vice President and Economist David Andolfatto compares blockchain to a communal history book. He also discussed the importance of two questions:

  • Who gets to read this history?
  • Who gets to write it?

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Posted In Financial  |  Tagged david andolfattoblockchainbitcoincryptocurrenciesdialogue with the fed