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The blockchain technology use cases

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I do not know much, but it is the largest and most reliable company in this field, I am still a relatively newcomer and I am trying to learn more and gain information so thank you for this useful participation, I hope to find good answers, benefit from it

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Blochchain is a very developed and complicated technical system through which Bitcoin is establishes and transferred from one place to another, it is what makes Bitcoin impossible to be copied or multiplied randomly, and other crypto currencies uses different chains.

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      I think aside having a strong security strength and having a specific database which differs from a typical database in a way that it stores information of all transactions made.
 

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Hi buddy in my opinion the blockchain is a technology that is using for the transaction, investment, trading and mining of the cryptocyrrency and a lot of people are getting benefits from it due to the easy way of transaction.

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You can use blockchain technology in many areas, such as documenting transactions or verifying the validity of contracts. Blockchain technology helps organizations save a large amount of expenses that were paid to employees.


 

 

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It cannot be explained precisely with one comment, you can search on YouTube and you will find an adequate explanation about it, in short it is a technique that depends on computers spread all over the world that sends chains containing blocks and every block contains codes and for this it is impossible to forge a cryptocurrency as it will need to change the codes in all computers the world

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Blockchain technology relies on encryption to ensure credibility and security, and is characterized by decentralized, tamper-resistant and productivity-raising procedures, which allow promising applications in strategic areas, such as banking, healthcare, agriculture, voting, complex supply chains, energy, intellectual property, management and digital identities, and this applies to the government sector. Also. This encryption method provides for the creation of codes that protect the confidentiality of the data. The encryption converts the data into a format that can be read and deciphered only by authorized users. Data can be transferred safely without being decrypted and violated by unauthorized parties. The authorized authorities may decrypt the data using a "key", which is a special symbol corresponding to the codes known only to the authorized user.
Among its uses, to raise the passport used on the network, so that anywhere in the world can determine its identity through the blockchain network, prevent the middleman and money laundering, and through it are also uses in the field of education, health and accounting, and the most famous blockchain is the digital currency because it has bee.

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No, I think we need to understand how the blockchain works because transfers are done automatically without the need to do anything, and I believe that companies and banks will use this technology in the future because it guarantees them to make transfers and store contracts in a secure manner.

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Well, now you just make me wonder how I am into cryptocurrecy and I don't even have a slight idea of what blockchain is, so I would like to read about it more. Thanks for the wonderful question.

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The great idea of using blockchain is to get rid of centralization in trading and the great speed in completing transactions, and the blockchain has achieved its goals very successfully.
In addition to anonymity, your money is kept in a very safe place.

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My friend, Blockchain is a necessary technology for cryptocurrencies, as there can be no cryptocurrencies without this reliable encryption technology, as it helps in the transfer of cryptocurrencies from one place to another.

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Dear friend, Blockchain is a technology by which the beautiful cryptocurrency works, there are blocks that have a blockchain of their own, and currencies that work on the blockchain of another currency, and it is a technology in which all transactions that take place between users are recorded, such as transfer, deposit, sale and purchase, This is for the sake of safety, and it is one of the most secure technologies in the world, and it can never be penetrated.

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I know that it is the safest site in the field of cryptocurrencies that they work on are those who do currency transfer transactions and they are called miners.

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Blockchain is the new system of payment in the digital world. Blockchain is like a big book that records all crypto transaction that exists throughout the world including bitcoin.I will use the blockchain to Security data and file.

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Welcome, dear friend blockchain Good they are a crypto company that works with their site and platform yobit It is very reliable in relation to the rest of the Internet sites. I love to work with everything related to it

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I think we can compared Blockchain to bank central, any transaction pass by Blockchain technology, so of course Blockchain is very important for Bitcoin and cryptocurrency, the question is: if they will ban Blockchain what about the transactions of Bitcoin and cryptocurrencies?

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Simply put, blockchain, is data that is stored and archived through a decentralized network of computers.  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.

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