What's so special about blockchain?

What's so special about blockchain?

  • Peter Nguyen
  • Blog

Nowadays, a lot of my friends are playing Yu-Gi-Oh again. I don’t play myself but when I watch them play, I get hit with a sense of nostalgia. One card always makes me smile – the Blue Eyes White Dragon.

In the TV show, there were only 3 of these cards in existence (making it one of the rarest). In the real world, it was one of the most common cards in existence. When I traded a friend of mine for this card, there was no need for proof of authenticity at all.

But let’s suppose that there was only one of these in existence. How would you know that I didn’t print 100 of these cards and simply trade you a counterfeit card?
We could use a ledger to track our transaction. But we would need a 3rd party (let’s say Konami) to keep track and ensure that no one can trade duplicated cards. But, we are introducing a middle man! We will have to go through Konami for all transactions. But how can we even really be sure that Konami isn’t tampering with this ledger for its own benefit?
Here’s an earth-shattering idea: How about everyone keeps a copy of the ledger? There are millions of Yu-Gi-Oh enthusiasts in the world and when I receive this rare Blue Eyes White Dragon, everyone gets notified that I have this card.

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Cryptocurrencies and Value-Based Economics

Cryptocurrencies Offer Real Possibilities of Value-Based Economics

  • MTWT CEO
  • Blog

Cryptocurrencies, hailed by aficionados as the antiestablishment equalizer poised to disrupt wealth distribution, corrupt institutions and even governments, have led to an unsurprising backlash, with many governments and institutions clamping down on crypto, imposing everything from restrictions to outright bans. In many cases, however, the tighter restrictions have been rolled back, or nuanced enough to allow the ecosystems to continue thriving. Markets get rocked almost daily with kneejerk reactions that make investors question their sanity…the reality is, the market is volatile, and probably will be for the foreseeable future, but eventually it will settle down as governments across the globe implement regulations that strip out the most egregious risks affecting high-street investors.

Unfortunately, many investors bought in when the market was at its peak, and have been left licking their wounds, demoralized and probably a little wary. You may however be surprised to learn that even after this year’s lemming run, 18% percent of U.S. students own cryptocurrency and 26% want to learn more about cryptocurrency. Intriguingly, of those interested in cryptocurrencies 47% were social science majors (Coinbase Reports Aug-2018). The upcoming generation of cryptocurrency users demonstrates a strong concern for society and an appreciation of companies that support their causes (Millennial Pulse, The Shelton Group), hinting at a future society that might esteem a “values” based economy over a traditional fiat system. But more on that later…

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MTWT Launch

MTWT Launch

  • MTWT CEO
  • Blog

We are pleased to announce the successful formation of MTWT, Inc. - a blockchain innovation lab focused on technological disruption to help solve some of the fundamental challenges of the 21st century.

As concerned citizens we see the risks humanity faces, and the governments crippled by inaction. We realize that it is down to entrepreneurs like us to connect the dots, and lead the way. Our unique blend of technical knowledge and marketing savvy will allow us to forge partnerships, and bring to market technologies that have the power to shift paradigms.

Why Blockchain?

Blockchains, aside from generating cryptocurrencies (a nice side benefit), offer very real improvements to current centralized infrastructure ranging from enhanced security to data reliability and consensus algorithms, to name just a few. Blockchains rely on interconnected machines working together to solve the cryptographic puzzles required to securely encrypt new data blocks, each acting as part of a decentralized team/data center.

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