INTRODUCTION TO BLOCKCHAIN.
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is:
What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology.
Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Blockchain guide.
WHO OWN BLOCKCHAIN?
The blockchain industry is still in it infancy. Giving it decentralized nature, that is open to all persons from all works of life one would really wonder and ask; who owns Blockchain?
It feels like the early days of Internet. Every smart person out there is thinking of building something on Blockchain, just like the smart people of 90s were thinking of building different things on the Internet.
We saw everything from mails, friends, commerce, and entertainment built on the Internet. Our lives got easier and better, we all agree, but what if someone ask you, “Who owns the Internet?”
What will you say? “No one.”
And you’d be right.
Yes, no one individual or an organization owns the Internet.
The Blockchain is designed in such a way that every information that is recorded in it is made accessible to the general public. In Blockchain everybody has right to any information.
HOW BLOCKCHAIN WILL TRANSFORM THE WORLD AND CHANGE EVERYTHING
Blockchain is a revolutionary idea that the world have never seen before. Most people are still yet to understand its mission and its mission is what humanity has been longing for “To be independent of any form of power and control their destinies”. Blockchain seeks to give humanity the independency they have been rubbed off for centuries. With blockchain transparency is assured.
Money is one thing that gives power to the government because without money man cannot live a complete life and the government control this money thereby limiting human freedom. With the recent milestone achieved in Blockchain, government no longer have power over your money, you do.
Everything, product and services that have been offered through the internet, the Blockchain industry seeks to recreate thereby giving power to the masses.
The progress we’ve seen so far is not up to a tip of the iceberg of the possibilities that are obtainable with the Blockchain technology. In less than a decade from now we will be seeing a compete take over/replacement of most industrial activities by the Blockchain technology.