May 10
2022
Q&A: Explaining cryptocurrency & blockchain
Dr. Bina Ramamurthy is director of the Blockchain ThinkLab at the University at Buffalo. She’s also a crypto miner herself. That puts her at the forefront of the industry, which poses a challenge to traditional currency and has raised environmental concerns because of its demand for energy. Blockchain and cryptocurrency are mysteries to many people, so to understand the interview, let’s define what we’re talking about. Blockchain, introduced in 2011, involves computers and servers programmed to solve complicated mathematical problems on an ongoing, virtual ledger. This work is managed by so-called “crypto miners,” who earn cryptocurrency – most commonly Bitcoin[...]
Posted 2 years ago