Oliver Obenrauch is none other than the 17-year-old Bratislava who is currently working He studies in grammar school. He has an overview of cryptocurrencies, which some of his older colleagues might envy. No wonder this is a topic he became interested in when he was 14 years old.
“Most people at the time only talked about bitcoin, but I was interested in learning more. I was researching several types of cryptocurrencies and was particularly interested in the Blockchain technology behind cryptocurrencies,” Oliver told us.
It’s a technology Bitcoin is working on, but it can do so much more than that. Blockchain is a database distributed over a network of computers. A blockchain database stores data on all computers on the network at the same time, so that every member of the network has the same copy of the information at the same time.
If new information is added to the database, it is updated on all computers in the network at the same time. The new information in the blockchain verifies the so-called minerals that are rewarded for this in cryptocurrency.
Written information is stored in the blockchain database forever and is immutable backwards, thus ensuring a great degree of transparency. In addition, since the blockchain is located on a large number of computers at the same time, it is practically “unhackable”.
It’s not just about Bitcoin
You will find in this article after opening
- In an era when his peers were just beginning puberty, he became interested in business
- In Slovakia, the incorporation of a company was refused due to his young age. How did he invent it?
- It is now a project that will allow people to invest in real estate in a unique way
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