What is BLOCKCHAIN, What is CRYPTOCURRENCY? Everyone needs to understand their importance

The blockchain technology is developing more and more in the last few months. Nobody had heard about it if we talk about a year ago. It was only a side glass that followed and favored Bitcoin. Now it's quite interconnected to the community outstandingly.

Blockchain technology has important feature, which most of the people don't perceive until they need it. Do you know it?

BITCOIN currency is a blockchain. Such as steem, Bitshares, ETHEREUM, and LITECOIN, so are the most other coins too.

 

The reason is that they are right investments and you can get excellent advantages.

No... this is not the logic actually and if it is true so;

If you are the best user of blockchain technologies and cryptocurrencies as well but you didn't spend the time to understand their importance. Here the question arises, "why"?

I am telling you the answer.

Blockchains do not need assurance at all because these are universal ledgers. They are holding the history of transactions which anyone can review and assess at any time. In some cases, you can get the uncertain and vague sender and receiver, but you can't do the uncertain transaction at all.

It means that you always realize and understand  "it came from here, and it was shifted to there."

When you have a transaction ID and confirmed transactions by confluence on the network, and something goes wrong, but that would not disturb the operation. That transaction will exist forever as a vital part of that blockchain.

If you are telling me every single transaction which I've ever made can be found by anyone, at any particular time?

The answer is "Yes".

This is a right answer, and I'll tell here, "why"?

If any person ever says to you "I never got what you conveyed to me"... you can submit evidence that they did. So can any person else. If it is registered on the blockchain, so it means it is noted on a rock eternally.

Some people declare that Satoshi Nakamoto was a government representative who published Bitcoin just to get the public to use public/universal ledgers for their transactions.

Perhaps it is true. Perhaps it is not.

No matter. 

Where blockchain technology supports everyone is, because transactions cannot be concealed, removed, demolished, or disapproved. You can not counterfeit numbers. You can not counterfeit transactions. You can not even copy new transactions.

Again Backward to the benefits....

It is same as every person has a duplicate of the accounting records. You don't need permission to see them.Everyone is free to see them. They can be inspected by you or checked by every person.

Some people say, "this often happened" some other say "this did not happen"... but you don't have to weigh the reliability of the person making a claim. 

Consider it, what the blockchain says?

There are many developers and programmers who have spent countless hours of their life into improving blockchain technology.

We already see it... We have public and private blockchains. In our lifetime, we all are alive to witness the background of blockchain technology, and we are alive to witness where it can be used the best and the worst.

Every scam teaches people things. Every non-scam teaches people how to trust right technology.

So what we are realizing is a progress of the human. We are learning how to work cooperatively in an uncertain environment. And this is very important because we need to learn how to cooperate and work for the benefit of all.

These are the benefits, ON THE BLOCKCHAIN.

*Countries, States, Municipalities, and towns can look at each other's books.

*Even the entire financial/banking system can look at each other's books.

The blockchain is a permanent public accounting book. It can't be counterfeited.

Finally, we'll reach a network where everyone is answerable.

I love blockchain technology for what it can do for humanity, and everyone else must love it too.

If you feel heartily about what I explained, then surely upvote and resteem this post.s