I completely agree with your statement ''Blockchain Technology will be the end of 21st Century Capitalism''. The premise of cryptocurrencies is that they don’t require a central banking system or government guarantees or large piles of gold in order to function as a unit of exchange. Instead, they depend on a public ledger system, usually one that works as a “blockchain.” A few times an hour, everyone who has a new currency transaction to report sends out an announcement on the network of fellow traders. The new announcements all get bundled up into a “block” and everyone competes to see who can authenticate it the fastest. Big groups of traders band together to authenticate the new transactions, and once a new block is authenticated it is attached permanently to the growing chain of blocks stretching all the way back to the launch of the currency. The whole purpose of the blockchain is to provide a transparent, write-once history of every unit of currency—a public ledger that anyone can use to make sure that their money isn’t being stolen or double-spent. All without having to contend with a central financial or governmental authority. Because nobody controls the blockchain, it is effectively impossible to rewrite without compromising the integrity of the software itself.