Secure, decentralized, immutable, transparent, 24/7, as well as a platform for DApps development to bring greater convenience to the masses.
The future is amazing.
Secure, decentralized, immutable, transparent, 24/7, as well as a platform for DApps development to bring greater convenience to the masses.
The future is amazing.
Utilizing the Blockchain for our monetary system:
Cuts out more middlemen so that end users have access to more affordable financial services.
Decentralizes control of payment networks to protect individuals from censorship
Stores value intrinsically, in a better manner than rare metals or fiat currency
Enables us to utilize new technologies as a society that we could not have thought of previously
Disempowers central bankers and politiciansā ability to abuse the currency supply
Immutability
Transparency
Efficiency
Higher speed
Low cost
Decentralization
You eliminate third party corruption via centralized power structures. You make processes secure, more efficient and transparent.
Blockchain eliminate false data entry and will be accessible across the net anywhere. Data will be trusted and verified. These will surely impact the world economy and industries.
Blockchain has many benefits including transparency, security, traceability, efficiency and reduced cost. However, it may not be ideal for all types of transactions which are not immutable/final in nature.
To numerous to count. Simply put, it does what itās written to do, nothing else. Makes great and verifyable systems when everyone can check out what the code does and so thereās less need to blindly trust someone you donāt know.
Hello from United Kingdom
total newb here. I am trying to watch this video, my first, but nothing is happening. There is a picture but no place to press play. Any advice/
Benefits: Secure, verifiable, private, fast transfer globally with low remittance fees, decentralized, fixed monetary supply, smart contracts, dapps, defi, blockchain imbues money with added functionality and endless potential. Different blockchains with unique properties can be developed for specialized purposes.
Because blockchain is a type of distributed ledger, all network participants share the same data as opposed to individual copies. Block chain technology is essentially a way to distribute electronic ledgers or a database among networked computers where only data can be added to the ledger, but not removed. When utilizing a type of crypto currency such as bitcoin it can add security, enhanced traceability, and the ability to send financial transactions very fast!
No loss of data (information)
Concise!
Very nice descriptions about Blockchain!
Transparency is my best guess.
I like the fact that BTC provides a peaceful way to protest the unfairness of the current financial system. It provides a way to be a soverign individual, to be your own bank, to avoid the govt silently taxing you through inflation.
Itās not a video, itās a homework question thread where you write the answer to the question posted at the beginning of this thread
I canāt wait for my light bulb to turned on, on the technical aspect of blockchain.
Blockchain gives freedom and responsibility to the security of your digital assets without having to depend on the government or bank. For example we had cases of individual who lost their monies when their credit card security information was breached. This happens sometimes because of the carelessness of the bank in protecting peopleās funds.
Blockchain also doesnāt have down-time. It operates around the clock 24/7. Whereas centralized systems have opening hours and closing business hours. With blockchain you can do business continuously even during public holidays.
Distributed ledger and consensus - great benefit to all involved. A trustless system that would seem to solve the byzantine generals problem.
Blockchain is traceable, inmutable, secure, it can be open source or private.