Blockchain Is Safe Technology
In layman's terms, blockchain is a virtual, public ledger that records everything in a safe and transparent way. Unlike banks that facilitate transactions with traditional currencies, blockchain allows the transfer of free kriptocurreny through a decentralized environment. All data is then held in a network of interconnected computers, owned and run by users other than himself. For some people, blockchain technology is much more promising than crypto designed to support it. Of course, Bitcoin's demand is very colossal at the moment. But since it is basically unsupported by sentiment, it is reasonable to believe that a bubble of Bitcoin might eventually arise - however unlikely it may be. The benefits of blockchain, however, are more than sufficient to maintain relevance for future generations.
What can be done using blockchain:
• Data Authentication & Verification
Includes data storage that can not be changed, digital signatures and encryption. Data in almost any format can be stored in blockchain. Blockchains can create public-key private key pairs and are also used to generate and verify digital signatures.
• Intelligent Asset Management
Includes publishing, payments, exchanges, escrow and pension fund management. Smart / cryptic assets in the form of tokens or coins are digital versions of real-world assets such as gold, silver, oil, soil.
• Smart Contracts:
Smart Contract is a media (contract) that serves to generate business rules code in a programmable language into blockchain and enforced by network participants.
However what causes cryptocurrencies can be used to imprison a human or bound to cryptocurrency that is because it is practical and easy to use. The use of cryptocurrencies such as Bitcoin or Ether proves to be cheaper in admin fees than bank transfers and credit cards. Cryptocurrency users will only be charged a few fees that are almost free when doing financial transactions. What makes cryptocurrency even more interesting is that everyone has the right to have cryptocurrency without being bound by any terms or conditions.
Cryptocurrency helps us through the current problems of state economic inflation. We can not avoid that, inflation is growing globally from day to day, where one day the economic crisis of a country will happen. This is no longer a public secret because by 2015 it has been proved when Greece was declared bankrupt. Cryptocurrency such as: Bitcoin has a decreasing inflation rate, ie the total supply will stop at 21 million. Although other cryptocurrencies such as: Monero or Ether that do not have a maximum supply limit, but the inflation rate also decreases every year.
Cryptocurrency will be an asset and money for the entire population of the world. It can be said that at this time all related to financial assets, he is monopolized and controlled by some powerful parties only. While cryptocurrency practice a sound agreement system (consensus) determined by the community who are involved in the decentralization algorithm that is with mining. Because mining is publicly open to anyone who wants to participate, it indicates that no group of people / institutions / organizations controls it because all decisions must be by mutual agreement (voting).
Cryptocurrency is safe to own. It can be understood that those who do not understand about cryptocurrency always assume that cryptocurrency is insecure. But quite the opposite happens, because cryptocurrency can not be falsified or duplicated as is often the case in state paper money today. Professional hackers may be able to retrieve a platform exchanger, but blockchain cryptocurrency itself can not be hacked because the hacker has to hack thousands of server nodes simultaneously. As long as you follow the correct procedure to store your own cryptocurrency, then it is almost impossible for him to be crushed. Quite a few that I can give you an understanding of Cryptocurrenci so you do not hesitate in using it or you want to invest into Crytocurency especially to Steem that can guarantee the security of your investment.
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