I will have been on the blockchain a yr. in January and enjoyed the wonderful caring people I have connected with from all over the world. It has opened my eyes to a better understanding of crypto currency and more coins than just bitcoin. ๐ ..I still have a long way to go on that but find it fascinating and Itโs great to be part of it.
Seasons Greeting to @good-karma and the eSteem team.
Blockchain technology has many advantages but some of their features that really are appealing would be: transparency, immutability and the fact that users are somehow empowered.
All transactions are publicly viewable hence the transparency and cannot be modified or deleted (immutable). Also, the fact that I can control all my information and transactions it is great.
The safety of the data is also a big pro for blockchains. ๐
What I like about the blockchain is steem this people a whole community the meetings like the alldutch meeting in Rotterdam.
I like the way I... me not a bank me buying a tradebot and trading automatically
When you get a financial problem no one can take your money from you if you have it in a wallet. No one...
With the blockchain Within a few seconds you get your money from America to Australia.
But the most important thing of all a blockchain is in case of a war or disaster the most secure tool to survive the blackout. There will be always somewhere in the world 'btc in space' running an instance. A bank or library can get lost.
Transparency. I like it the most because it gives me the possibility to check things and learn.
Steemit is my first Blockchain based platform and when you're new and English is not your first language, you have a lot to learn.
It helped a lot that I was able to find my old friends from another platform but also helped to learn the financial side which is essential here if you want to grow.
P.S. Thank you very much @good-karma for paying attention to users especially this nice period of the year! Keep it up and steem on! โ๏ธ
I like blockchain because of all the possibilities it brings us, what started out as a simply way to solve the double spend problem has now turned into a way to create financial sovereignty, itโs given a way to communities to fund their own projects without 3rd party involvement, itโs given us the concept of open systems and driven sharing through open source tech!
Blockchain is now being applied to so much more than just moving money or value around, but offering us interesting ways to combine resources in AI, IOT, cloud storage and so much more! Weโve literally only scratched the surface of what this technology can do
What I like most about blockchain is the immutable distributed ledger. This advancement in database technology allows us to create things like Bitcoin and the new "internet of money" as Andreas Antonopolous likes to say.
Not only is blockchain useful for money, it also has a myriad of other use cases in many different industries. Blockchain can be very useful in the transportation/logistics business for tracking goods, shipments, etc. Blockchain could also become useful in the healthcare industry storing patients records in an easily accessible database. This could be extremely useful in emergency situations and when you see a new doctor. It can also be used for lending using smart contracts, gambling, private transactions, and so on. I could go on forever but I don't want to write a paper. :P
I could go on and on. The main point is blockchain is here and it is here to stay. It is a disruptive technology that is still in it's infancy. The technology has the potential to improve our lives. It can remove "middle-men" in a lot of industries especially in the financial industry by allowing you to keep a bank in your wallet and even in your head if you can remember your passphrase.
I like Blockchain, Instant, Safe, Efficient and Transparent.
All transactions and data storage are guaranteed to be safe because they are replicated throughout the blockchain network so that to change one data, the hacker must also change the same data on all other user's computers at the same time. This is very impossible to do. With Blockchain, we no longer need to depend on one server because all transactions are replicated throughout the network so that we avoid various forms of fraud because of modified data, server down, or hacked accounts.
I will have been on the blockchain a yr. in January and enjoyed the wonderful caring people I have connected with from all over the world. It has opened my eyes to a better understanding of crypto currency and more coins than just bitcoin. ๐ ..I still have a long way to go on that but find it fascinating and Itโs great to be part of it.
Seasons Greeting to @good-karma and the eSteem team.
Blockchain technology has many advantages but some of their features that really are appealing would be: transparency, immutability and the fact that users are somehow empowered.
All transactions are publicly viewable hence the transparency and cannot be modified or deleted (immutable). Also, the fact that I can control all my information and transactions it is great.
The safety of the data is also a big pro for blockchains. ๐
The Blockchain will ruin Facebook and Instagram. Can't wait!
Because the blockchain is transparent and secure, it is trustworthy and will prevent fraud. Also, it is fast!
What I like about the blockchain is steem this people a whole community the meetings like the alldutch meeting in Rotterdam.
I like the way I... me not a bank me buying a tradebot and trading automatically
When you get a financial problem no one can take your money from you if you have it in a wallet. No one...
With the blockchain Within a few seconds you get your money from America to Australia.
But the most important thing of all a blockchain is in case of a war or disaster the most secure tool to survive the blackout. There will be always somewhere in the world 'btc in space' running an instance. A bank or library can get lost.
Transparency. I like it the most because it gives me the possibility to check things and learn.
Steemit is my first Blockchain based platform and when you're new and English is not your first language, you have a lot to learn.
It helped a lot that I was able to find my old friends from another platform but also helped to learn the financial side which is essential here if you want to grow.
P.S. Thank you very much @good-karma for paying attention to users especially this nice period of the year! Keep it up and steem on! โ๏ธ
I like blockchain because of all the possibilities it brings us, what started out as a simply way to solve the double spend problem has now turned into a way to create financial sovereignty, itโs given a way to communities to fund their own projects without 3rd party involvement, itโs given us the concept of open systems and driven sharing through open source tech!
Blockchain is now being applied to so much more than just moving money or value around, but offering us interesting ways to combine resources in AI, IOT, cloud storage and so much more! Weโve literally only scratched the surface of what this technology can do
What I like most about blockchain is the immutable distributed ledger. This advancement in database technology allows us to create things like Bitcoin and the new "internet of money" as Andreas Antonopolous likes to say.
Not only is blockchain useful for money, it also has a myriad of other use cases in many different industries. Blockchain can be very useful in the transportation/logistics business for tracking goods, shipments, etc. Blockchain could also become useful in the healthcare industry storing patients records in an easily accessible database. This could be extremely useful in emergency situations and when you see a new doctor. It can also be used for lending using smart contracts, gambling, private transactions, and so on. I could go on forever but I don't want to write a paper. :P
I could go on and on. The main point is blockchain is here and it is here to stay. It is a disruptive technology that is still in it's infancy. The technology has the potential to improve our lives. It can remove "middle-men" in a lot of industries especially in the financial industry by allowing you to keep a bank in your wallet and even in your head if you can remember your passphrase.
Great comment! I learned things! ๐
Haha, thank you! If there's any questions you have, I'd be happy to help answer them for ya.
I don't think that I do, but that is a good offer and I'll keep it in mind for future questions that I am certain will come up!
I like Blockchain, Instant, Safe, Efficient and Transparent.
All transactions and data storage are guaranteed to be safe because they are replicated throughout the blockchain network so that to change one data, the hacker must also change the same data on all other user's computers at the same time. This is very impossible to do. With Blockchain, we no longer need to depend on one server because all transactions are replicated throughout the network so that we avoid various forms of fraud because of modified data, server down, or hacked accounts.