Blockchain is a way to securely organize records even if there is no central authority to manage it. The record is resistant to forgery even if anyone could could be a record-keeper. These record-keepers also do not need to know or even trust one another. If you’d like to know more about how the blockchain works, you may check this article.
The first blockchain hit the world in 2009 when it was applied to recording transactions of a digital money. The digital currency’s name was Bitcoin. After several years, people started to realize the power of the blockchain. In 2015, another blockchain was released. This time, it did more than secure digital currency (or in blockchain language, cryptocurrency), but it can also run programming codes that could control the flow of money. This blockchain was called Ethereum. If Bitcoin is money, Ethereum wanted to create banks and financial systems.
From then on, blockchain saw an explosion of thousands of projects whose aim was to revolutionize, not only money, but all sorts of other things that use record keeping. Blockchain is new technology. As of this writing, 2020, it is yet to see mass adoption. Yet we feel that we are in the verge of such a change.
Listed below are some articles and blockchain projects that Maj & Reg takes an interest in. Instead of watching TV or playing video games, Maj chose this as his form of recreation.
Nodes and Validators
Nodes are computer servers. They are the backbone that keeps the blockchain running. Some blockchains were designed to have two or more different kinds of specialized nodes. Validators are special nodes that that act as record-writers, they validate and write new blocks of data into the chain.
To support some of the promising blockchain projects, Maj Loves Reg are running official servers as nodes and validators for these projects. You may see the list of our official validators here.
Digital money on the blockchain is called cryptocurrency. The prefix “crypto” comes from cryptography, since it is used to secure the integrity of the blockchain, and that the currency would only be spendable by its owner.
- For starters, we wrote a guide on how to get the lowest fees and rates when buying or selling cryptocurrencies, or when converting them to normal currency.
- We also published a list of our wallets in case someone would like to send us some crypto. 😊