I am sure that by now you are very familiar with the terms Bitcoin , cryptocurrency , crypto-trading and blockchain .Possibly, your understanding of these terms are either pretty deep, or you are merely familiar with the phrases and not too much else . Interaction with a broad spectrum of correspondents reveals that, Bitcoin appears to be the most widely used or widely known word in this space.
The objectives of my blog and what qualifies me to write it or encourage for you to read it are based on two primary reasons: 1) I developed a strong passion towards trying to understand what the whole technology behind Bitcoin was and how it had encouraged so many people to buy into it, people who actually did not fully know or understand what they were buying into.
2) To delve a lot more deeply into the makings and development of a blockchain a concept which cannot be adequately covered in a brief one page blog post, or even adequately encapsulated in a few articles. Blockchain, the underlying building blocks, are intrinsically fascinating. Unfortunately, it is also being bruited around boardrooms as the latest ‘buzz’ word in tech and a cure for many of the world’s problems.
This is far from the truth. Blockchains come with their own inherent problems which I will attempt to address. There is also a far greater scope for blockchains other than the craze of the cryptomarket which is currently gripping us.
Like so many of you, I am also on a journey to learn more about this space, because I am keen to develop and evolve my own expertise and knowledge. That being said, I constantly do research and follow a number of other blogs and companies that are doing amazing things in this area.
This blog is also about keeping it simple, easy for you the reader to understand, so you can also start developing a far deeper and more grounded perspective on this disruptive technology.
My intended journey is not only to talk about blockchain but also document it from a developer’s perspective by building a simple blockchain, using python programming language to code. I will also endeavour to build my own crypto coin and discuss some difficulties that developers are having in this space.
Writing my own smart contract and deploying it on the blockchain will be a further project, enabling me to acquire first-hand knowledge and the ability to talk about the journey from a developer’s perspective.
We will also be discussing smart contracts in depth, and the inherent pros and cons of such a contract system on the blockchain.
I must emphasize what the blog is NOT:
1) A weekly digest of the current crypto market (Watch you tube for that)
2) An analysis of the various crypto currencies on the market – as the saying goes, ‘there is a shitcoin born every day’
3) Trading advice or investment advice
4) To sugar coat this disruptive tech – I will be playing devil’s advocate here as well, to dissect and look at the weaknesses of this tech.
5) Copy and paste from various technical white papers and sources – (Anybody can do that)
6) Highly technical jargon that you will not understand – What is the point then?
This blog will THEREFORE be structured as follows –
The first main section will be blockchain. I will release a weekly article stating the heading with a part number e.g. The Blockchain – Centralized vs Decentralized, Part 1. The articles will be in order, so you can make reference to them and find them easily.
Part 2, will deal with cryptocurrency and Bitcoin.
Part 3 will deal with smart contracts
Part 4 will deal with tech companies in this space and the analysis of their white papers.
Living in South Africa, I would also like to see how the blockchain space is influencing our way of doing future business, so I hope to interview the likes of Tari labs here and other influencers in this space.
Let the journey begin ………………..