BLOCKCHAIN AND BITCOIN


05 Jun

BLOCKCHAIN IS VERY FRESH.  IT IS THE UNDERLYING TECHNOLOGY BEHIND BITCOIN. ESSENTIALLY, IT ALLOWS MULTIPLE USERS TO RECORD DATA AND TRANSACTIONS IN REAL TIME IN A WAY THAT IS SUPPOSEDLY UNHACKABLE.  THERE HAS BEEN A SHIFT IN THE STATES FROM REGULATING THIS TECHNOLOGY TO USING IT THEMSELVES. AT PRESENT, DELAWARE, ILLINOIS AND WEST VIRGINIA ARE MORE INVOLVED. CALIFORNIA, CONNECTICUT, COLORADO AND WYOMING ARE GETTING INVOLVED. WE’RE ALL INTO TECHNOLOGY THAT HELPS SIMPLIFY OUR LIVES; HOWEVER, RECENT EXPERIENCES WITH MISUSE OR FRAUDULENT USE OF ONLINE BANKING USERNAMES AND PASSWORDS, WHICH ARE INCREASINGLY BEING REQUIRED BY LENDERS, HAS BYPASSED BANK SECURITY AND BEEN BLAMED ON THE CONSUMER.  DIGITAL USE OF MONEY AND PRIVACY PROTECTION ARE GOING TO HAVE TO BE CONSIDERED EQUALLY. SHOULD YOU HAVE ANY QUESTIONS, CLICK ON WWW.KJONESLAWYERS.COM OR CALL (423) 424-6208.

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