With all of the hype surrounding blockchain, it’s important to know exactly where this technology is being implemented. With the use of blockchain, individuals can process transactions without the use of a central authority. This is why the most popular use of these transactions involves cryptocurrency.

Watch the video for a quick and easy explanation of what a cryptocurrency is.

In our last episode, founder of egomonk, Sartaj Anand, explained the concept of blockchain in under 60 seconds. Watch it here: