Hi guys
Im so happy to be here with everybody

Basically what are we trying to explain is the idea is that one entity will no longer have control over your notes and that no one could suddenly ban the app itself, temporarily taking all of your notebooks offline.

Interesting parts of this lecture is:
These apps rely on the company (or another third-party service) to store your credit card information, purchasing history and other personal data – somewhere, generally in servers controlled by third-parties.

The ‘World Computer’

In short, ethereum wants to be a ‘World Computer’ that would decentralize – and some would argue, democratize – the existing client-server model.
 

Today, our personal data, passwords and financial information are all largely stored on other people’s computers – in clouds and servers owned by companies like Amazon, Facebook or Google.

As we all know, this is very common nowadays

The idea can be applied to any need for a trustworthy system of record.

And thats how pretty much work

But if we go with that thought of line we can determine that today, entrepreneurs in industries around the world have woken up to the implications of this development – unimagined, new and powerful digital relationshionships are possible.

A distributed network reduces the risk of centralized corruption or failure.

Remember it reduces, doesn't mean it will go away all of the sudden

 Possession of a private key is ownership.

What if we define the digital trust?

Perfect I am glad we are a focus group who where to go! Thats what this project needs

Hello how is everyone doing today? As always, I am happy to be here

This is the difference that makes blockchain technology so useful

Like it represents an innovation in information registration and distribution that eliminates the need for a trusted party to facilitate digital relationships.

This is still talking about blockchains and how do they work

Wikipedia’s ‘master copy’ is edited on a server and all users see the new version.

And talking again about the Wikipedia example we have this: Wikipedia’s digital backbone is similar to the highly protected and centralized databases that governments or banks or insurance companies keep today.

Ok, so back to where we were yesterday: BLOCKACHAINS!

Afternoon everyone! Its a brand new day. Remember we are on week number 2!

Ok, so lets continue with the important part of the blockchains

Descending to ground level, however, the differences that make blockchain technology unique become more clear.