Cryptocurrency & Blockchain Innovation are quickly becoming our Future Currency in a global capacity, that is it’s not controlled by any Government or entity. It is a decentralized currency that is set-up through a digital ledger or spreadsheet known as the Blockchain. The Blockchain is a Digital Innovation developed by a person or group of people, known only by the pseudonym,. Satoshi Nakamoto. Blockchain is a Global Network of computers using Blockchain technology to manage a spreadsheet that records structured transactions instantly. This spreadsheet is linked together like a chain of blocks connected together through Digital Technology. Furthermore, these Blocks of transactions are shared by Thousands of Computers WORLDWIDE!!!
Cryptocurrency Digital Money/Currency
In a Digital World of technology that has been developing through the past few decades. Is it any wonder or doubt that we would develop a Digital Currency. We have that Now and it is known as Bitcoin. Bitcoin can be bought, sold, and traded online. It has value and can be used to make purchases, online. Furthermore, you can use it like stocks in the stock market only without a broker. And all the transactions are kept online on a Giant Worldwide spreadsheet that is Public and incorruptible. This spreadsheet is called the Blockchain Innovation. Due to recent proof of Bitcoin and the creation of blockchain; Bitcoin has been called “digital gold.” Seems like it is actually a great name for it; as it has proven to be just that. To date, the total value of the currency is close to $350 billion US. And it doesn’t stop there, as blockchains can make other types of digital value available.
THE BLOCKCHAIN INNOVATION
The Blockchain is a highly complex network that is linked through several Millions of computers Worldwide. A Global Network of computers that utilize Blockchain Technology to manage and record all structured transactions. It makes information up to date and always available.
- The blockchain is like a huge, global, decentralized (meaning no one system is the “Central” authority) spreadsheet.
- It keeps track of who sent how many coins/tokens/information sets to whom.
- In the case of Coins/Cryptocurrency; it tracks what the balance of every account is.
- It is stored and maintained by thousands of people (miners) across the globe who have “special” (high powered and uniquely configured) computers.
- The blocks contained within the blockchain are made up of all the individual transactions sent and received through the blockchain. And just like the links in a chain this information is chained together.
- You can access your Cryptocurrency Balances on Ominex.com, or any other Blockchain Wallet.
- For instance all individual transactions sent from places like OMINEX, MyEtherWallet, MetaMask, Exodus, Mist, Geth, Parity, and everywhere else.
Blockchain is a system (decentralized) to bring everyone to the highest degree of accountability. Resulting in:
- No more missed or corrupted transactions.
- An end to human or machine errors. No more corrupt or broken databases.
- An end to transactions or exchanges (made in error) without the consent of the parties involved.
- The blockchain guarantees the validity of a transaction by recording it not only on a main register but on a connected distributed network of registers. All of which connect through a secure validation protocol.
Blockchain details do not need to be fully understood to be used by us all:
Like so many other things that we use in our everyday lives. For example, the internet, your smartphone, computers, or your car; you do not need to know how the blockchain works for you to use it. However, having a basic knowledge helps you to appreciate this new technology. And helps you to understand why it is considered revolutionary. There are an every growing Bitcoin-like cryptocurrencies (exchangeable value tokens) already available. In addition, there is a full range of other potential adaptations of the original blockchain concept that are currently active, or in development. Because there are literally no barriers; the uses and activated solutions will be a part of our everyday lives in the immediate and everyday advancing digital future.
Blockchain details: Who will use the blockchain?
Keep in mind; you do not need to know about the blockchain for it to be useful in your life. The blockchain potentially cuts out the middleman for all types of transactions. So new methods are being developed that will bring about many new ways of generating huge incomes in the years ahead. And like computers it will continue to enhance everything around us!
Getting Involved
Now is a Great time to consider jumping in and starting to get involved with the Blockchain. In that it is still in an early enough stage of development that you can get in on the action before it grows too big. Furthermore access to the Blockchain has become easier to the public through the invention of the “wallet” applications. Simple through setting up your own account through sites like “coinbase”, you can do it yourself in buying, selling, or trading of cryptocurrency. No need for a broker since we now have instant access through computers and the internet. “Coinbase” not only gives you access but it can help you to learn about the blockchain and to EARN cryptocurrency instead of investing your hard earned money.
Security We Can Trust?
Today’s internet has security problems that have plagued all of us. We all rely on the “username/password” system to protect our identity and assets online. Blockchain security methods use encryption technology. Therefore Internet Security, along with almost all aspects of the Internet, have evolved with blockchain.
We have so many ways to get you involved.
Want to be a part of the future? Become a Miner of Cryptocurrency on the blockchain in the easiest manner possible. Consequently, you do not need to fully understand it or put capital at risk. VISIT HERE for the details on how you can safely and securely use your Computers (when you are not using them and they would be otherwise idle) to benefit and earn BTC (though you will be part of mining the most productive forms of Cryptocurrency). SEE THE DETAILS and get STARTED HERE. This is literally creating the possibilities of millionaires amongst even the simplest and non-understanding of us out there. And it is real. In conclusion, this works without you fully understanding it.
Response Magic