The Blockchian Talk At Steemit In Nigeria
Little About The Blockchian Talk In Steemit Nigeria.
It brought peer-to-peer transaction without a third party. The first generation of blockchian that involves a peer to peer transaction without a middle man. There has to be a confirmation before your transactions can be completed.
Bitcoin has 3 confirmation process. There are people called miners and they are responsible for solving the mathematics on the blockchian.
Bitcoin brought the idea of immunity. Any transaction done on the blockchian can never be hidden.
Bitcoin records financial transactions.
Security: Information entered into the blockchian ledger is secured as a result of decentralization by a set of people called miners.
The miners, are not concerned about your transaction details, because they have power with your transactions. Rather they only solve the mathematical/algorithm to make your transactions complete. They also secure the transactions within their system.
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I dont quite get it. Do yoi mean with SIN one can make transaction without an interferer or intermediary?
And no transaction cost?
I think he meant to say the benefits of cryptocurrency like steem and Bitcoin