Ethereum From the Eye of a Newbie

Prior to Bitcoin, there’s been several not so successful experiments around digital currencies. With bitcoin blockchain technology came two major breakthroughs. Not only did it introduce an online currency one could use for transaction, it initiated the concept of Proof of Work to solve the big problem called, "double-spending". And, to explain Proof of Work, I would say, it is a phenomenon that ensures that if you’ve got a certain amount of money (X), and transfer a portion (Y) to another person, this deduction and addition must be approved and reflected in both wallets before subsequent…