Benefits of using Blockchain - Discussion

Resilience due to its decentralization : if a node or computer goes down the network is still functional as the other nodes / computer enable completion of the function unlike with centralized servers and systems

Decentralized peer-to-peer network platform, trustlessness, immutable.

Benefits of using Blockchain = at least with respect to the Bitcoin blockchain - it is the best, until now, practical solution to the ‘power corrupts humans’ problem.

Blockchain is trustless, users are anonymous, and no single entity owns it (decentralized).

Blockchain. Trustless, immutable, decentralized, efficient and global. I believe this technology has the potential to transform our world in so many positve ways. I am honoured to be part of this collective evolution and inspired by how many people are connecting in and seeing whats possible.

There are so many benefits we don’t even know about, which will change the world forever !!!
Tracking, transparency is some of the essential benefits.

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Blockchain is the future. Internet 2.0 is coming!

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Decentralised. Its similar to barter system where the producer decides the cost of the product and consumer can decide to buy or not. The Transactions are immutable and can be cross verified at any moment of time.

Not sure what I am supposed to do. Where is the lecture for benefits of using blockchain?
or am i just supposed to discus?

Technology also keeps improving. I’m not worried about that. You can also prune the blockchain. If your computer can’t handle it, you can only keep a certain part of the blockchain.

It’s a decentralized network infrastructure, immutable transaction and no authority can control it

Yeah same answers as everyone else in the post and more. Probably some which no one has thought about yet. It will disrupt all industries. It will create new industries. I am very excited to be here now to learn as much as I can.

hi i think this gonna change the world for ever in so many levels, some examples could be, in digital assets like music, identity, voting, the internet connect computers and people, but blockchain could make in the future that the plataforms will stop being an big islands and start exchange value and info directly without a greedy centralized third party, and move towards a cluster or community of platforms or indivuals that cant be censured or erased by almighty entity (sorry my english i try my best :sweat_smile:)

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Decentralization with more transparency and freedom. We will be able not to depend on “owner of the world” by create things not possible with our current system and grow exponentially .

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Beginner here and need to know where do I locate the lecture/textbook that gives me the background information that I can intelligently discus anything bitcoin/blockchain.

Achieving trust and consensus in a decentralized manner with transparency through proof of work. weightless money

Trust in Math and the technology of Block chain makes BTC a secure storage of Value. A “Tatoo” that can’t be removed from the database. I believe that Block chain should be used in Political Elections where your vote is trackable and it is Immutable. The avoid of any economical, political scam that could make our society a better one. Love to everybody!

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no centralized authority
trust through proof of work
tamper-free
secure

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Transparency, memorialized information in the block chain, decentralized, and privacy.

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I prefer Cloakcoin for privacy over Monero.

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