Can you foresee the changes coming with the latest BlockChain Innovation? Less than 5% of people know what a Blockchain is? The most common digital transaction you may have heard about is Bitcoin. You will be told a simple definition of a BlockChain is “a distributed data store for digital transactions.” It is an online record of transactions backed by cryptography. Blockchain innovation guarantees the fidelity and security of data records and generates trust without the need for a third party. BlockChain is changing the world by altering our monetary system, finance, banking, the internet, computers, and the security surrounding how all this information is stored and traded around the world.
A blockchain will allow us to establish only one digital identity for each person in this world. One advantage of this will be that each person in the world can have one digital identity. Therefore, you would no longer need to keep or carry documents like titles, deeds, stock certificates, and this list goes on.
Blockchain Simplified
Think of blockchain as a huge, global, decentralized file, with an independent sheet in the file containing all data related to you. Once you create your sheet, all your financial information will become part of that sheet via a coded block.There won’t be any Central Authority controlling the blockchain. The government cannot track or control your information on a computer in Washington D.C. along with your banking information.
Information from your PC may stay on your hard drive or maybe shared with others at your discretion. Your PC stores data on its hard drive. Your PC at work stores data on the company’s servers (Hard Drives).
Deposit money into your bank account. The bank automatically enters your transaction into their systems. Go home and login to your PC. Login to the banks system to see your deposit. Most likely, it won’t be available for 24 hours, but you can schedule it out to pay bills. View your deposit, schedule it to the next day as payments, or possibly move it to another account. But you cannot edit the bank’s information.
Blockchain to you!
Blockchain will bring a lot of change and security around the world. Imagine being able to transfer money (BC) from your account in Pittsburgh to a bank in Italy with a few simple clicks on a keyboard. The Blockchain seamlessly records the transaction to your “sheet”, along with the transfer. Thus, banks will no longer tell you that it will take the customary 3 days for all accounts to clear.
Once you have one set of records, your blockchain will hold all your investments, including stocks, bonds, savings, checking, trusts, real estate, mortgages, liens, titles, leases, contracts, and on and on. Your entire financial life will be on the blockchain. Therefore, the blockchain’s security around your information is no longer a simple password with a verification that can be hacked. Your secure password is a set of 16 random words. They must be entered in correctly, in order, if you ever misplace your access. And you are the only person alive with those 16 words.
Bitcoin vs. Blockchain
Blockchain innovation has made it possible to buy and sell cryptocurrency. Bitcoin, a cryptocurrency stored on the blockchain, allow us to actively participate on the Blockchain. And, if you have any experience with this, any transaction you make with BC is instantaneous. It moves from your account when you sell, converts to the currency requested, and appears where directed. In seconds.
Cryptocurrency Mining & BlockChain Innovaton
The process of cryptocurrency mining is competitive. And mining continues to become increasingly more competitive and more costly. The computers and software race to solve mathematical equations in a peer-to-peer network. Hence, the miner who solves the equation first receives a “block reward” in the form of the blockchain’s native coin, making it a race. We have found a really simple system where you can use your computer’s resources to mine for you and become part of our Mining Community. Finally, we are not here to discuss the merits of becoming a cryptocurrency miner. The best part of this information is that you don’t pay anything, not one nickel of your own money. FREE Bitcoin can be yours. Earn Cryptocurrency Here!
Visit us often, as we continue to add new developments and updates to this page as they come available. Let’s hope we can find more amazing offers to add to your Bitcoin and blockchain.
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