What is blockchain technology?

Now in its 3rd edition, IBM’s Blockchain for Dummies has introduced blockchain to more than 68,000 readers. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

Is Niantic incorporating blockchain into Pokémon games?

Hanke also announced Campfire, a social-networking app that opens to a map and lets people find and interact with players and events for Pokémon and its other games. As his talk wound down, though, he wanted to talk about one more thing: Niantic’s early explorations around incorporating blockchain technologies into its games.

What is a private blockchain network?

A private blockchain network, similar to a public blockchain network, is a decentralized peer-to-peer network. However, one organization governs the network, controlling who is allowed to participate, execute a consensus protocol and maintain the shared ledger.

Are blockchains open-source?

Most blockchains are entirely open-source software. This means that everyone can view its code. This gives auditors the ability to review cryptocurrencies like Bitcoin for security. However, it also means there is no real authority on who controls Bitcoin’s code or how it is edited.