Blockchain is the next revolution since the introduction of the Internet!

The blockchain is a revolution that will completely change the economy. It involves much more than just digital currencies.

Blockchain is a decentralized digital table that records transactions across a network of computers. It uses cryptography to ensure that transactions are secure and verifiable. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the information it contains cannot be changed. This makes blockchain technology highly resistant to manipulation and fraud. It is the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, but it has many other potential applications, such as in supply chain management and voting systems

 

Bookmark

  • You don't store coins, the blockchain takes care of that.
  • You do not transfer coins. You perform updates in a public database.
  • The coins always remain in their original place.
  • You don't have a cryptocurrency wallet, but a digital keychain.
    • Each address was created and published through individual effort.
    • Each update was created and published through individual effort.
  • In fact, coins are numerical values to which people attach special meaning, much like literary characters.
  • If the value were in your wallet, it would double when you copy your wallet. However, this does not happen.
  • If the value were in the blockchain, it would double when the blockchain is copied. However, this does not happen.
  • Value is based on community agreement, subjective and volatile, yet measured in billions.

What can blockchain technology do? A few examples

- Send transactions / money directly, with minimal fees and in just a few seconds, from person A to person B - even to people without a bank account!

- Voting / no going to the ballot box, no manual counting, no manipulation possible, no recount.
- Leasing / installments not paid? Vehicle is blocked.
- Energy contracts / Buy electricity from your neighbor or sell it to him? You don't need an electricity company for that anymore!
- Music & film rights / a composer places his work on the Blockchain and is thus automatically and irrevocably the creator of his work.
- Email / transaction ID, sender, recipient and time are stored in the blockchain - no more spam possible.

In this video, the blockchain is explained using a demo.

Scroll up