RE: What do you know about blockchain technology?
@rishabh99946 This is really impressive and I've actually learnt something new about blockchain from your post even though I was thought I knew everything about blockchain technology but after reading this I feel naked with no knowledge about what blockchain technology is all about. Thank you for this once again 😊.
To tackle the limitation of the centralized servers the blockchain technology were formed to provide a fully decentralized server that is not being controlled by the individuals or authorities.
Do you know I sometimes ask myself that if some decentralized cryptocurrency blockchain based platform happens to be controlled by set of individuals or authorities, won't there be any lost of funds invested or earned by users? This is actually one of the reasons I prefer a decentralized blockchain technology to centralized ones. I just hate it when some authorities are in charge of how I transact on the blockchain and it's really a great news that most centralized platforms are gradually converting into decentralized ones.
What blockchain actually define here is with blockchain you don't need any third party to establish trust with blockchain you won't need any third party and you can directly work with
other business with full assurance even though you don't Trust or Know them.
This is actually one of the unique features I love about blockchain technology. I also love the fact that transaction can be done at anywhere and time to anywhere and time provided you have the required/important information needed for the transaction.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead
Hello @hardaeborla thank you for your positive response. Don't feel naked lol one thing i have learn in cryptoworld is that no matter how much you learn about it you always end up learn something new if you give it a try. Its really deep as sea.
And about the centralized platforms i don't really like them as they are being controlled by the individuals ans we individuals are just too moody just a matter of time till we change our minds lol so anything can happy to you there. Which is why i prefer the decentralized ones over centralized ones.
Have a good night ahead because it's midnight in India (IST)2:43AM