[Boomer]

Thanks to you both.

In simple lingo it sounds like a new way to exchange funds around the world electronically using a mathematical equation(s).

Now how the common person would use it is probably more complicated. Or could it be used as simply as a credit card is used now?

I wonder if the ultimate goal is to get rid of the cash transactions altogether.

[ClearCase_guy]

I’d say it could get rid of cash. And it allows you to do transactions without involving a bank, or Visa, or other big corporation. You can do business with a person or corporation just through blockchain methods. No middleman.

NOTE: This is not anonymous and you cannot avoid taxes. But it gives you a bit of control over your payment.

[dynoman]

I honestly don’t know the advantage over credit cards. Unless you are day trading crypto, it’s volatile enough!

[zeugma]

In simple lingo it sounds like a new way to exchange funds around the world electronically using a mathematical equation(s).

This is it's primary application these days. When blockchain tech was first starting to get traction, I looked into it and thought some of the other uses were actually more interesting. I thought the proposal to store real estate transactions via blockchain was a really interesting idea. Folks have looked at using blockchain with a lot of things, but nothing but bitcoin type things have really taken off to any great degree from what I've seen.