Crypto Corner: Blockchain made simple

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WELCOME to Crypto Corner, where the BiPS Foundation, Moneybrain’s cryptocurrency, helps educate our community. Curious about blockchain? This column explains it simply, so strap in for a crypto education.
Put simply, what is blockchain?
Picture blockchain as a digital accounting ledger with pages of transactions (blocks) linked together in a chain. Cryptocurrencies like Bitcoin or Ethereum have their own ledgers.
These records become immutable, ensuring security and trust. Free from central control, blockchain helps mitigate fraud by increasing transparency, creating a fairer financial system that removes intermediaries and enables true peer-to-peer transactions.
How do cryptocurrencies work?
Cryptocurrencies are digital stores of value built on blockchains, governed by rules that control supply. Bitcoin’s limited supply, like gold, drives its value. Ethereum, by contrast, creates new coins to keep its network running, rewarding its participants.
To help preserve currency value and prevent inflation, Ethereum burns some coins based on transaction activity, which helps balance the supply.
This burning mechanism mirrors quantitative tightening, where central banks reduce the money supply to boost currency value. In crypto, burning serves this same purpose.
Blockchain for banks?
Private (permissioned) blockchains are becoming a high priority for banks such as JPMorganChase, as the efficiency of blockchain technology is increasingly recognised in the corporate world. This enables banks to settle payments more efficiently, quickly and cost-effectively. However, it’s important to note that these blockchains lack the transparency of public (permissionless) blockchains and may be considered less tamper-proof, as they are controlled by a central authority rather than a decentralised network.
Why BiPS? Start today
Unlike most cryptocurrencies, BiPS (Moneybrain’s cryptocurrency) derives value from tangible assets: pounds, euros, gold, property, secure loans and top cryptos. BiPS offer a stable, secure way to enter the crypto world, backed by tangible wealth.
Trade BiPS through the user-friendly Moneybrain app. Download it today on Apple or Android, and explore crypto with confidence at .