Simple Answers to Four Questions From Blockchain Skeptics
April 26, 2021 @ 12:30 pm By Lee Schneider
When you work in the blockchain and cryptoasset space for a while, you hear four particular questions asked over and over by people new to the space and particularly by skeptical people. These are good and important questions and they deserve simple, straightforward answers, so let’s get to it.
What problem does it solve?
This question is sometimes asked as a challenge and sometimes an attempt to understand why it is useful. In either case, blockchain is useful because it solves the problem of
digital integrity. It may not be the only solution to that problem but it is becoming the most widely adopted one.