If you have been following the world of blockchain in recent times, you must know by now that this technology has the potential to reshape industries as well as business processes. Indeed, for many leaders and prominent figures in the tech world, blockchain could be the next big thing after social media. That being said, there is no one single blockchain community online today. Instead, there are a number of communities catering to different segments of the audience interested in this technology. But with so many options out there, how do you know which ones are worth your time? In this blog post, we will take you through a brief introduction to blockchain and its implications. Following that, we’ll show you some of the top blockchain communities out there right now. Let’s begin!
What is blockchain and why should you care?
Blockchain is a kind of distributed ledger technology (DLT) that records transactions and other data in a transparent and immutable way. To be more precise, it is a decentralized system that allows the transfer of digital assets from one person to another while also recording all the transactions on a network of participating computers. This network of computers is what we call “nodes,” and each one of them has a copy of the blockchain that they share with each other. The main idea behind blockchain technology is that no single computer controls the data or the network. Rather, the data is controlled by a consensus among the computers on the network.
How does blockchain work?
As we have mentioned above, blockchain is a type of distributed ledger technology. Simply put, this means that the system is decentralized and that it employs multiple nodes to store information as well as to make alterations to the data. There are several blockchains out there that are used for a variety of purposes. Bitcoin, for example, is used for digital payments. Ethereum, on the other hand, is used for smart contracts. As for how blockchain works, it is important to note that the data is stored in blocks that are linked to the previous block in the chain. This chain of blocks is what enables the whole network to work.
Blockchain’s potential use cases
While blockchain is an interesting technology, it is important to note that it is not a solution looking for a problem. Rather, it is a technology that many people are still trying to figure out how to best use. With that being said, we can say with confidence that blockchain has the potential to reshape industries as well as business processes. For instance, with blockchain, we can store and exchange data in a secure and transparent way. This could have huge implications for data-related industries like healthcare, insurance, and finance. Additional industries that could greatly benefit from blockchain include media and entertainment, supply chain management, and government services.
The best blockchain communities to join!
Since blockchain is such a hot topic in the tech world these days, there are many blockchain communities online where you can interact with like-minded people. Here are some of the top blockchain communities that you should definitely join: –
1 Bitcoin Reddit
(the number one cryptocurrency) is one of the earliest applications of blockchain, and there is no better place to get up-to-date information on the Bitcoin community than on Reddit. –
2 Ethereum Reddit
Reddit The Ethereum subreddit is another community where you can go to discuss blockchain, the Ethereum project, and other related topics.
The Steemit community is a good place to go if you want to learn more about the benefits of blockchain-based social media.
4 The BlockchainHub
The BlockchainHub community is a great place to go if you want to get more insight into how this technology could reshape industries. This is an absolutely wonderful place to start your journey if you are just dipping your toes into the community.
5 Royal Goats Club
The Royal Goats Club is a collective comprised of NFT and blockchain enthusiasts. Royal Goats Club came upon our list because one of our writers came across the group during a twitter space and loved that they were educating people about NFTs and blockchain technology. Royal Goats Club is an incredible group of like minded people who all have a love for NFTs and blockchain technology!
As you can see, blockchain is an exciting technology that has the potential to bring a lot of positive change to the world. If you are interested in this technology, make sure to join one (or all!) of the blockchain communities mentioned above. Doing so will allow you to stay up-to-date with the latest news and developments in the blockchain space.