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The Blockchain’s Ancient Roots

Cryptocurrency 101How Do Cryptocurrencies Work?


This video by What Happens Next examines how ancient tradition of using large stones for currency on a tiny island in the Pacific is not all that different from the way blockchain technology makes cryptocurrency possible. A lot of cryptocurrency explanations compare the universal blockchain ledger to a ledger kept during a poker game among friends, or something similar. This provides a much more tangible explanation of why cryptocurrency has value and the role the blockchain plays in making sure it retains value.