Benefits of using Blockchain - Discussion

Maybe, I’m not sure what lesson are you talking about. Not all of them have videos.

Hey @Fox_Hound, hope you are well.

The blockchain industry is still at a very new stage, there is a lot of demand for specialists and developers, although i can’t tell you for sure that a kid by just learning could take his family out of the slums, what is undeniable is that blockchain is: One of the most harder professions to learn, One (probably the most) of the most demanded and well payed profession.

Also the advantage to work over the internet are way better than relying on being hire for a big company and go into an office (in a pandemia situation like this, those who work remotely have a huge advantage against those that rely on a office)

So my advice: Blockchain could be the smartest life changing career that a young kid could choose at these moment on the history of the human kind, for the first time we are developing a new financial system that will for sure stablish in the near future.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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Thank you my brother.

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Accesible, open, public ledger. All transactions can be traced. Real-time Auditing

Good summary of key features

testing - where does this go? am I replying to singularity or am I replying/commenting to the main text. Why is this confusing :smiley: :sweat_smile:

Real-time Auditing by anyone, Public Ledger, Transparent

I’m not sure either :smile: what are you testing?

Let’s start with the fact that Blockchain is an immutable Database, in a sense that you can not remove or edit an entry in it. Consequently, one can be sure that any entry in it is legit and not compromised. This is ideal for records or transactions.
If one implements this on top of a Network, the nodes of which are communicating with each other with a consensus algorithm, robustness can be achieved apart from decentralization . By introducing a way of deciding what is the next block (thus which is the new entry) with the help of the surround nodes we avoid relying in a central authority that could be compromised, be unavailable or just decide to change policy without warning the rest of the network.

As mentioned by others:

  • Decenttralized network
  • Public open ledger
  • Transactions can’t be reversed, modified or deleted once they are added to the blockchain
  • Network availability, no single point of failure
  • Secure network
  • No middleman when doing transactions.
  • Be your own Bank
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Blockchain will change global business and is a one in a lifetime chance

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The Monopoly held by the current Banking & Financial Institutions its finally OVER, what we needed was a robust alternative to the existing Dino-Financial system to force the Big players either to join or to face extinction.

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Many industry who use blockchain achieved significant business benefits:
transparency, enhanced security, improved traceability, increased efficiency and speed of transactions.

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They enable immutability, like a Rune stone, they are transparent, and they are decentralized.

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  1. Blockchain enables digital Provenance by providing a public transparent ledger to track all components of a transaction allowing any and all parties to verify the legitimacy of all parties in the transaction.

  2. Normal databases are not trust worthy because they are centrally managed and can be tampered with.

  3. Digital Provenance takes away the need for trust between two parties in a transaction without the need of a 3rd party verification or “Middle man company”.

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Must not be new to the crypto space lol

It will make the social trust in their governments and make them fully transparent.

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no middlemen withholding our access to our available funds.

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The best benefit for Blockchain is its censorship resistance, other than that it is basically a slow database that cannot be changed. However, the censorship resistance aspect is HUGE; especially in today’s world. The internet is the great equalizer for information and Blockchain is the great equalizer for the financial world. Lots of people trust math and code more than governments and banks.

Cheers,
Taylor :v:

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Don’t trust, VERIFY!