BLOCKCHAIN - THE BIGGEST REVOLUTION IN HUMAN HISTORY

in #blockchain6 years ago

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As we know that block chain has gained many up and high from time to time period. Even after this much struggle it is not well adopted and used as virtual crypto currency by any country or state. We all know that Mr. santoshi who is known as the founder of bitcoin has given the world a good thing, which according to me will make a lot of changes around the world.

  • The block chain transactions work like this :-

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Even Minning machine are made which mine for block (it is a set of transaction which is verified by machine).

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As per my opinion block chain is a revolutionary move in my knowledge, which will make many good impact on our society like fastly transaction from p2p, New courses about block chain will be teach to young generation and job offers to the people who are interested in it.
On the other hand it will have many bad impact on our society too like as the major impact will be seen by large community as well as small community, rich people and poor people,Crime doing people will fulfill there needs by making demand of various crypto currency etc....

As we all know that govt. of various country has made various economical community to know about bitcoin:-

*Will it be good for one's country to make it legal?

->The making of bitcoin trading and other crypto currency illegal had made its starting from china which had given second place all over the world in block chain, the not end here only than south korea made the same move to make crypto currency illegal.
Due to these steps many other country make it illegal, which make a big dip in its prizes.
And In last many big business man and other big economist make prediction about the block chain which has no meaning and they made these prediction because they want to buy it......

YES YES YES AND YES

what ever I have predicted its true because who ever are against this technology earlier are now predicting its prizes that if it will go or reach this prize will hit a high of 13000$ bla bla bla.....

Not only this even they also say that people are wasting time on it and even some predicted that it will be zero value soon.

  • But the truth is that i think people are not seeing is :- Many big industrialist and business man are launching there crypto currency and by this they are coming to crypto currency world.

  • On one side, India say that crypto currency and its trade is not legal on other side MUKESH AMBANI is making a plan to launch his crypto currency by the name jio coin.

  • Facebook - the biggest social media platform owner or founder said that he will launch crypto currency, which will have the same idea as steemit is running now but it give a push in rate of bitcoin but said to listen after some time they drop the idea..............

->What they all are thinking, Is they are playing a game with us. No one knows it?
(Please answer this in comment)

  • Even Some big economist says that it is wastage of time to invest in crypto currency?
    -> They have seen that people are more serious about the crypto currency and even news came that they are selling there home to buy bitcoin.
    -> Another biggest problem is that all will start using virtual currency and the real currency will lost its value, which will be the biggest problem which each country govt. will face.
    but who knows what will happen in future has anyone predicted that we will also have bitcoin type thing and people will sell anything for it.

🤔🤔🤔🤔🤔🤔 As per my knowledge stock market had started in around 1980's and at that time Sensex, Nifty, Gold, silver etc has small pie value but now they can not be buy by the average people and the same can happen with block chain.

What you all think..................

  • If we use crypto currency than it can be used to buy many things and even after a lot searching, I found that from the top 10 crypto currency Dash, Z cash, Monero and many other crypto currency are used to buy many things.
    ->Z cash:-Released in October 2016, Zcash is a relative newcomer in the space. However, there are claims that it is the first truly anonymous crypto currency in existence due to its employment of zero knowledge SNARKS, which involves no transaction records whatsoever. The technology ensures that, despite all the information being encrypted, it is still correct and that double spending is impossible.
    ->Dash:- Initially released as 'darkcoin' and Dash has since re-branded and offers more anonymity for its users due to its decentralized mastercode network. It utilizes something called a “Masternode” network which has a more robust foundation than Bitcoin.

Similarly Litecoin released in 2011 and work same as bitcoin encrypt data and dece tralized and open source.
Neo today is making a new high day by day because it's source code is good and it's ICO gas is also doing well.

  • Even using blockchain is good for us because it provide us the private key which cannot be easily encrypted and can not be hacked by hackers on other side if we talk about banks than the data base i which our all data like bank account no. and name and many other personal details are secured can be easily hacked.
    -> Private key is an asset which is used to store coin.

That's all what i know about block chain and how it is treated by various governments on its regulation or not.

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not biggest just one of many changes human tries due to survive.
bitcoin and blockchain could be threat to some because they do not want to change. they are comfortable where they are.

let's go slowly but steadly. Bro or Sister!!!

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