Everyone should understand that
Block Qin is the core technology or infrastructure in which digital currencies such as Bitquin operate, and many experts consider it the qualitative leap that will lead to the advent of the second generation of Internet when it is widely adopted. This technology will offer great opportunities to communities and individuals around the world.

When you send an email or picture to someone else, you actually send a copy to that person and do not send the original, although this system is very suitable for exchanging information in different formats, but it does not work when it comes to exchanging fixed and mobile assets such as money Intellectual property, shares, bonds, voting votes and other things that are not accepted to be duplicated or duplicated.

When you give someone a hundred dollars, it is important that you transfer this money from you to the other person and not stay with you and with him at the same time, to achieve this, we still rely on intermediary institutions such as banks and government institutions, this reliance on companies and intermediary institutions, "Even though these giant intermediary institutions have done so well so far, their problems are growing day by day. By their very nature, these institutions are centralized, making them vulnerable to hacking by pirates," said Don Tabscott, author of Block Chin. The Internet also happened with JPMorgan and the US government LinkedIn. "

"These giant banking institutions distinguish between billions of people and do not allow them to use their services. Anyone who does not have the money can not open a bank account, while you can send an email to someone on the other side of the world in seconds, Send a small amount of money several days to a person in the same city you live, and the cost of transfer of funds high, because these banks deduct a large proportion for this service.

Block Qin is a long series of data encrypted and distributed to millions of computers and people around the world, allowing many parties to enter and verify information, every computer or device in this series has the same information, and if a part of it is broken or hacked does not affect On the rest of the string, thus being a secure and encrypted public record, and a strong chain of trust. In the case of the addition of electronic contracts and agreements to Block Qin, it is ascertained that the conditions are met automatically and without interference or human tampering.

This technique enables a young programmer in Brazil to contract with a company in France to provide a specific computer program. When using Block Chin technology and enhanced with electronic contract technology, the company deposits the pre-agreed amount at a third party in the chain of trust. , The e-contract technology ensures that the terms of the contract are met and the amount transferred directly to the young person's electronic wallet without passing through any third party such as the bank without the bank having a bank account of its own.
Bts currency and the future currency that will replace many of the existing encrypted digital currencies will now fall