Contest Participation About Blockchain Technology...

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Sometime in the year two thousand eight or nine, a Japanese genius named Satoshi Nakamoto shared an idea in an online forum. Satoshi came up with the idea of ​​a digital currency system that is completely decentralized, and virtual. There will be no authority behind it.Lets take the US dollar as example. Its authority is the US government. No one in the world can print these dollars without the US government. Satoshi's idea was the opposite. Since his idea would be completely decentralized, he also uploaded a blueprint of how this system would work. Where every subject was explained. And this system is the blockchain. After the discovery of electricity and the Internet, that discovery will turn human civilization in the coming days.

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Blockchain means distributed laser. Here's the ledger means the system will have only one account book, and the book will be in a network, and all the participating parties will be connected to it and can see that book, but there is no problem. Besides, it will not take any time to exchange. Fees will also be reduced, and most importantly, transparency is maintained, everyone has attachments, so even if someone gives wrong information, they will reject it, because it will not match with others. In short, the days of forgery are over.

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Currently blockchain is being used a lot. Bitcoin is a successful example of this. It is a cryptocurrency that is managed using blockchain technology. These are the data entries in the blockchain's laser, but all of them are indelible data. That means you can't delete even if you want to.

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There is and will be a lot of speculation about how this blockchain will change the whole world. Blockchain will play a very important role in preventing everything from passport fraud to petty fraud. Just think 20 years later from today, the world's information store will be on your phone. You call a taxi on the phone, order food, or even take a degree at home using blockchain.