What is BLOCKCHAIN?

[Abeera 755]

On 10/3/2020 at 10:13 PM, Albany1209 said:

           BLOCKCHAIN is a technology used mainly in the cryptocurrency financial industry, but that could be used in many more areas, it stores encryption and tracking information in its chains of a transaction or record in a public and secure way through the blocks that have an identification. or hash, (hash, is a unique number of each block to connect with each other with certain information), and thanks to the miners that make it possible to maintain this network with multiple computers connected to each other that have the same exact copies being unalterable and incorruptible said information generated in the chain (blockchain registry)

Thank you dear for giving this information I also know something about block chain that there are many users of blockchain  and many members are also liking it the main thing about it is that it provides security and security is the most important thing that's why I am liking it.

[Umar shah 1003]

I am searching about the Blockchain . is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

That is the actual meaning of block chain 

[Mahfuj000 0]

When someone asks me what a blockchain is it simply says it is an integral data deal. I think this technology is very good for those of us who are new to this technology. Make sure you are involved in an authentic and authentic one.

[chris smith 950]

Blockchain has a special form and perfect options and it is so different and the support team is very fast in the reports reading so it is a great platform 

[Saaad 2]

A blockchain is a distributed and public digital ledger that is used to record transactions across many computers. Each block is usually contained in previous block cryptographic hash, timestamp and transaction data that have been made previously.

[aiham 488]

This is very good information and I think many of those working in the field of digital currencies do not fully understand it . Blockchen is a very amazing technique that allowed the emergence of digital currencies and made trading in them very safe . I think that in the future it will be relied upon a lot in multiple areas because of the level of safety it provides in data transmission.

 

[Wael154 1134]

Blockchain is a transparency ledger, its meant that we can see the all transaction but we can't do anything with transaction for security. it is a new application mode of computer technology such as distributed data storage, consensus mechanism and encryption algorithms.

[Sena1234 972]

If wee take Blockchain in simple way it's public legder where all the transaction are stored. The information is verified by all the miners connected to the network. So the transaction and information remains secured and if any nodes alter the information in Blockchain it won't be verified as all other miners will have different datas.

 

And for Block generation it would have specified time for generations and the block Reward will be paid for the miners.

[Robin Hood 786 137]

I think that blockchain is the series of code. BlockChain is used to transfer our money from one account to other. Blockchain is made by the combination of a lot of computers all over the world.

[Mhmmad1 1121]

 Thanks, buddy. it's a good explanation for this system that controls cryptocurrencies.I think it's a decentralized system because most countries in the world that haven't recognized cryptocurrencies or dealt with them in trade have to get support from these countries.

[Mohammed33 461]

Blockchain is a technology that allows a person (or company) to transfer assets of value to another person safely and without the interference of any intermediary. It is simply a series of records or static blocks of data, managed by a group of computers that are not owned by any one entity, and have a huge database distributed around the world and managed independently. That is, the processing and storage of information is not closed to a single server.

[Zein21 839]

This is the first time that I have read this information, and this matter makes me happy, as there are still many posts that contain information I am missing in the field of coding

[Ali iskandr 600]

This unreliable technology has the potential to radically change the current world as we know it by redefining how we treat information and how values are conveyed. For example, Blockchain enables us to transfer digital money peer-to-peer without resorting to going through banks. This technology reduces the need for a middleman in many traditional sectors.

[Songoko 333]

The connection of devices with each other helps a lot in collecting information about cryptocurrencies, arranging them, and preserving bypassing any error and correcting it. These works will develop more and more due to the increase in popularity in working on cryptocurrencies, and their number will increase with the passage of time as well.

[mannbdul 562]

Blockchain is the infrastructure behind Bitcoin, because it is, in my view, very fascinating since it is public, cannot be changed, and is accessible to anybody with a device. If this type of technology is implemented in other industries or to something other than bitcoins, it will be a positive opportunity since it would allow you monitor how money is spent and that everything is transparent. after all anyone could search for the transaction, also the fees are very low so it would be an opportunity of saving money and cutting all the intermediaries in any business or trade.

[Ramossss 963]

I believe that the blockchain is a network of data that works around the clock to help us do everything related to encryption, from conducting transfer or investment transactions in a specific currency, and it also allows us to save the digital currencies that we earn safely and without any concerns.

[Ferymalik 13]

Blockchain is the technology that allows transfer of data in a very secure way and data is end to end encrypted . It is very useful technology . Due to its protective measures it is adopted by many users on this forum . It is a system that is difficult to hack by the hackers because of its strict security.

[Ahmadkhubbieh 283]

Yes, it is working to pursue the encrypted transactions and confirm their authenticity, but the cost required for that is very high and the mining facilities are no longer profitable. 

[Hasan386 1066]

Thank you very much for this valuable sharing, my dear friend. It is useful information and it is necessary for everyone who works in encrypted currencies to know the technology used to preserve exchanges and the movement of encrypted currencies between accounts

[Hafis914 637]

Hai hello mate. How do you do. First of all very thanks to you for sharing this relevant and informative information to us and into the hands of millions of this forum. Well keep it up mate such this type of informative information to us. 

[Kate94 78]

I am newbie and did not know more about this platform. I was also not familiar to the term block chain. Thanks for explaining this term. Your post was learning for me 

[alikhan59 542]

I thank you my friend for this useful information that you provided that helps us in performing our work, and that I heard about blockchain technology, but I do not have enough experience about its importance. Really thank you for explaining its usefulness. 

[rebalcrypto 457]

It is a good and safe technology that allows data and information to be transferred in a secure manner without hacking or piracy. I believe that we can use it for other things, not only in cryptocurrencies. They are devices that work around the clock and throughout the week. Of course they are very useful in  The field of encrypted speech keeps your data complete

[maryrose979 441]

In fact, my friend, I am new here and I think that these practices are common in most forums, and the blackchain can be used for other things, not just cryptocurrencies. I am interested to see it

[Sama 91]

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.