As someone that has been involved with blockchain technology for the past year, I find this article to be very well thought and effectively descriptive regarding the four key components of a blockchain.
I commend you for taking all of this on in a single article, however; you may want to consider breaking it down into four different posts (leaving this one as a kind of summary) which describe the four key components of the blockchain separately, and in smaller chunks that will be easier for readers that are not very familiar with the subject to take in.
I find it most fun to consider the various business applications for which Blockchain will establish itself as a disruptive force. It has been a very long time since the financial services industry saw any real sort of disruption. I think Blockchain promises to bring it their way.
Finally, I appreciate the fact that you are interested, not only in cryptos, but in the technology that makes them work. When people hear mention of "cryptocurrency", their minds immediately jump to "Bitcoin" or "Ethereum". It should be the same case when those same people hear mention of "blockchain", however; it is not (that is a shame in my opinion).
Not sure if you are familiar with Triple Entry Bookkeeping theory, but I have provided a couple links below.
https://en.wikipedia.org/wiki/Momentum_accounting_and_triple-entry_bookkeeping
http://www.prnewswire.com/news-releases/balanc3-to-assure-financial-transparency-for-singulardtv-300319277.html
-SugarPeas.OG
Thank you for your much detailed and constructive response. After much reasearch, I see the blockchain in a whole different way now and tend to understand why the crypto industry continues to evolve exponentially. The big banks know the potential . Visa is also concerned that they may face some threatening competitors in the future who will offer faster transactions with much lower fees. It will be interesting to see how this will all turn out.
Regarding your suggestion, I will , sometime in the near future; do a write up on each concept with the aim of making it comprehensive to users new to the blockchain and the crypto industry.
Thanks again!
Visa recently partnered with Monaco (ticker: MCO) debit card in order to offer ETH and BTC transactions wherever Visa is accepted.
Ohh wow, did they? I'll get to reading up on this.