The future of human interaction is on the blockchain. The blockchain is the revolutionary technology which replaces the middleman as the guarantor of trust.
The blockchain is the trust protocol. It is a public record of transactions of any kind with private keys for access. The network guarantees that the Information on the blockchain cannot be changed without the consent of the system.
Nobody can change the records, and new entries are verified and added to existing files through consensus. If you buy a coffee using bitcoin, the history cannot be compromised; it is a permanent record.
Many of the people who are asking questions about bitcoin have been told that there’s money to be made with bitcoin. It is true that some people have made money. But it is equally valid that others have lost, especially speculators who don’t understand how the bitcoin market behaves. Successful investors are in it for the long term. The value of bitcoin and other cryptocurrencies has been going up over the long run.
For me, it’s not just about the bitcoin and cryptocurrencies, but it’s about the blockchain. The blockchain is the technology behind the bitcoin. It is also the technology behind all the cryptocurrencies and tokens.
This language is jargon to many people, but it is the new jargon of money and value transfer and accounting. It is a protocol or a system of rules which eliminates the centralized nature of traditional institutions such as banks and governments. The blockchain puts decision making in the hands of the people for the first time.
The blockchain has applications in every sector of human interaction. Learn about the blockchain. The bitcoin is just a reward for building a more secure blockchain.
Any questions, please ask in the comments section.