The blockchain is one big name everyone wants to get acquitted with. For some folks it’s still a drama only time will allow them to see it’s reality while for some, comprehending it in the simplest term is quite impossible.
This has brought tremendous assertions on what actually Blockchains is all about. You may have heard about it, you may have thought you already know the creeks and corners involved in this ecosystem, but I can assure you that there are some myths you think of as facts when it comes to bitcoin.
However, even if you are still trying to figure it out, read this little guide to the end while i expose little myths you may have thought were facts about Blockchain.
No matter how you tend to approach this, be prepared to start viewing this asset in a different dimension and perspectives.
- Myth 1: Blockchains are digital currencies.
Earlier before now and even as the blockchain tends to increase in its popularity, it has been noted that it is basically a digital currency. Most blockchain applications have been programmed for the creation of digital assets that can be used as currencies. It’s so obvious that it can be practically impossible to convince a crypto enthusiastic that blockchain is not just a digital currency.