A look into Blockchain, Bitcoin and Etherium
Up until Blockchain, we used centralized banking systems owned by corporations or entities to carry out our monetary transactions. The advent of bitcoin gave birth to the electronic ledger which is known as Blockchain. The name also hints on how this ledger works. The scope of this report is to analyse Bitcoin and Ethereum as this new technological as well as sociological advancement that has the capacity to change the way we use internet. It elaborates them with respect to Purpose, workability, scalability, weaknesses and socio-technical aspects.