It can fix or improve many of the existing infrastructures of commerce, trade, art etc.
I understand the part of taking the load but what when BTC’s price dropped due to what happened is it still immutable? I just found it interesting how I thought of that when I was studying that
Could quantum computing one day crack the code of blockchain?
Idea for blockchain usecase?
The Norwegian oil fund: Government takes tax money and invests in stocks around the world. Here is an interesting overview: https://www.nbim.no/en/the-fund/investments/#/
Idea for auditing: Could all the government investments be registered on a blockchain for more transparency? This could also create (even more) trust in the Norwegian government
A blockchain is an immutable distributed record of events which have occurred. The common use case of all blockchains is keeping track of the ownership of assets. An asset is anything that has value. They have a higher assurance for financial services compared to legacy financial systems.
Blockchain is important storage for bitcoins and can be protected from hackers.
The biggest benefit is the Quicker transactions compared to current traditional ways to send and receive transactions. Another is how secure the work is.
Benefits to block chain to create much safer environment
for transactions between crypto currencies.
Hi,
Decentralized, a global community working on a blockchain, not feasible to modify (immutability).
Thanks
Blockchain takes power away from big government, central bankers and corporations and puts it into the hands of the people
Blockchain is our one shot for total freedom or absolute slavery. I hope we choose wisely.
its begining of new era…new currency where we will be the owner of our own assets. more transparent…reliable…
Blockchain is a revolutionary technology that improves the connection between customers and services worldwide. With the lack of a middleman, efficiency will grow.
Able to send & receive Crypto even on weekends fast fast is a big one for me!
BTC’s price dropped because the market was over-leveraged. The correction was needed. If immutability was affected then BTC along with everything else becomes worthless (possibly go to zero) as it is one of the key features to stop the blockchain data being manipulated. If the blockchain is not immutable then users can delete or modify transactions on it which is detrimental to its success. Transparency is key on the blockchain for it maintain its power and the status of decentralized.
Just being able see an open source distributed network such as the blockchain becoming available for everyone to view reliable data in a trustless fashion is revolutionary. It is a great thing for the financial system for everyone to be able to see every transaction and analyse behaviour made by institutions with financial clout. It allows for the opportunity for people to become more informed about what decisions they should/could be making instead of being left in the dark like we are in the traditional world.
Thanks! I am happy to be part of this great community. I look forward to learning everything l can. I hope to pay back to the community by my active participation. Cheers!
super secure, transparent and is not able to be edited. No need for a creditors and debtors database and then for each side to check. For finance, blockchain is probably the most disruptive innovation since the invention of the wheel!