- No Middle man!
- Transparent
- Decentralized!
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Decentralized, not managed by central authority, secure, immune to manipulation, transparent and accessible all over the world
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Blockchain has the potential to change the world and i personally want to use it to benefit my generation whom have had to endure hardship due to lack of economic power and access. I visualize Blockchain to one day be as common as fiat and for smaller groups to utilize it to have more control of their own destinies something that isnt possible due to the cronyism and outright prejudice that plagues the current sytems and powers that be. The fact is that its to hard to be wealthy in this life. A person must spend theire life at work only to be able to rest when they are to old for adventure, a man cant just work 10 or 15 years and be able to live in peace after a decade of labor, we must work until we die all the while the wealthy just gain more wealth because of there acdess to opportunities we cant dream of.
Of course its got to get much more simpler and i beleive a new device or program that can bridge the hardware wallet and the smart phone will be necessary. Once something creative and innovative bridges that gap more people will start to see. The thing is this, people have it in there hearts to strive for something that only crypto and defi can achieve. Once the connection between crypto and that goal is seen it will only be a matter of nature playing out. Im all, Crypto 4 life
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Blockchain is a data base, secure to use, no need third part, transparent, works only with network computer, allow to add data but cannot be removed, is a digital stone, is open for public ledger and important thing is the technology that makes the crypto works.
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there’s so much benefits, but few most inportant are:
Decentralizasion,
Immutability,
Transparency and
Security
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The Block chain allows 100% transparency on lower costs, where all transactions can be traced on the principles of public ledger.
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It’s decentralized, so nobody has the sole power over creating and distributing it.
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Blockchain has the ablitity to connect people all around the world to decentralized finance tools that are fair and transparent without the need of a middle man or a centralized institution.
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If everyone can verify what the ledgers are by checking nodes. Why can sometimes different exchanges not agree on what the ATH’s are or have different price discrepancies?
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i was wondering if the gas fees and transactions per second is because of all those nodes are verifying a certain asset for transaction ?
Because the price of Bitcoin in Fiat is not specified on the blockchain and exchanges have their own databases that regulate the price.
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The gas fee is on Ethereum and is calculated differently. But in both cases the fee is based on supply and demand, the more people want to send money the more expensive block space gets. 
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no single point of failure
no single point of shutdown
By default everyone is allowed to use it
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That makes sense. Thanks!
Immutable, trustless, decentralized public ledger. Generally, The blockchain is a great opportunity for the entire world to change our future for better.
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The greatest benefit of blockchain, to me, is that anyone can access it that has access to a cell phone. Being able to access the blockchain so easily allows the entire world to interact more efficiently, whether it be socially or financially. Another unique characteristic of blockchain is that this efficiency also comes with more transparency. It holds society as a whole to a higher standard of behavior, reducing the fraud and deception that happens in our world today.
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-
Transparency:
Publically available ledger working in real time holds each sector accountable for all transactions, all of the time. -
Security:
Blockchain is immutable and incorruptible. The system is decentralised and trustless. -
Improved traceability:
Provenance is an inherent feature of blockchain technology.
Provenance is the history of the ownership of something which when on a blockchain system creates an immutable record of documentation and authentication. -
Increased efficiency and speed:
As it is a decentralised system, there is no requirement for middlemen.
It allows P2P transactions from anywhere in the world, to anywhere in the world. -
Reduced cost:
No requirement for middlemen, or some kind of centralised authority running databases.
Also, much of the cost of error and corruption is at least greatly mitigated, if not removed.
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Blockchain technology provides a secure, decentralized, transparent and traceable way of doing transactions. It can be used in a lot of industries such us: banking and financial services, healthcare, media and entertainment, government, automotive and many more. It is available at any moment in time and there is no need of 3rd party – less costs for a business or other use cases.
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I like the blockchain because it is decentralized, lower fees, eliminates third parties and gives power to the people. Too long institutions make money off us for sending money to others.
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Transparency and innovation.
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