The EU Blockchain Observatory is a recent initiative, launched in February 2018, which is backed by the European Commission with the primary aim of educating the EU's public on Blockchain technology.This very interesting AMA really served that purpose by answering the public's challenging questions, which were mainly tweeted under the #AMABlockchain hashtag.
Educating the public aside, the forum's two other objectives are to accelerate the application of this technology at a pan-European level and to push for cooperation between member states to materialize uses cases and scenarios backed by Blockchain.
The AMA started smoothly tackling lightweight questions, such as "what is the Blockchain technology?" or "where is a Bitcoin stored?", (answer: "on every computer in the Blockchain network"), continuing with what a blockchain Node is and what does a Miner do. Other questions revolved around which Consensus algorithms does a blockchain network use, Smart Contracts, Public vs Private blockchains and Crytptoeconomics. As to what the blockchain can be used for, this was nicely summarized in the following slide on which the panellists further elaborated.
Moving to more advanced questions,......