Block chain is the core technology of bitcoin. Before bitcoin was invented, there was no blockchain in the world.
After the invention of bitcoin, many people refer to the blockchain implementation in bitcoin and use similar technologies to implement various applications, which are collectively referred to as blockchain technology.
Topic: Blockchain Not Just About Bitcoin - page 2. (Read 606 times)
Unfortunately many people think that blockchain can only be used bitcoin and other cryptocurrency, whereas blockchain is a good thing to use for all transactions such as online sales, transactions in banks, transactions at ports and so on.
it's in your world, in my environment it's not like that happens. they actually know better about blockchain, than bitcoin. currently blockchain is much more popular than bitcoin. in part, they know that bitcoin is born on the blockchain technology, but does not want to admit that bitcoin is indirectly popularizing blockchain.Bitcoin was originally modeled for financial transactions, the developers of Etherium managed to implement a peer-to-peer network, in which programmed algorithms can be executed. They are called smart contracts.
this is another great blockchain story. but yes, the ethereum team managed to use it in a different way, but still it was born because of the popularity of bitcoin. Today Blockchain is widely used in many jobs. So BTC is not the only platform for Blockchain technology. We can see that many trading and service activities are based on the Blockchain platform.
It is true. even government agencies are also beginning to make many breakthroughs using blockchain. indirectly this also popularized bitcoin, as well as bitcoin, participate popularize blockchain.I can see in the future that more countries and companies will convert to block chain. They will soon understand the benefits of using the blockchain technology.
Blockchain and bitcoin are two different things, bitcoin is using blockchain technology, and since then a lot of people already interested in this technology, some countries already started to do research on blockchain to optimize the usage, if it uses properly it can solved many things in the country, so blockchain is not only can be implemented in economic sector but in it can be used in any sectors
I have read about quite an amount of development of blockchain atleast at it relates to accounting. I read about EY establishing blockchain centres around the world showing the practical ways it can be implemented in business decisions. Their counterpart PWC announced they are launching blockchain audit service for their clients that have started using it without disclosing which of their client. All of these point to the fact that the technology has come to stay and despite the attention focused on bitcoin part, it does not remove the efficacy of the technology behind it.
Some people already know that bitcoin is a cryptocurrency been powered and established in the new technology 'blockchain'. Though, many people didn't know about it before till now. And apart from cryptocurrencies, there are many things that can be established through blockchain like Share electricity with the neighbors, registering music copyright and many more. People should be educated about this.
I understand that. but I do not understand why most countries are still scared with bitcoin. if we look at the functions and technologies used bitcoin, this is very clear, safe and transparent. the fear will make bitcoin as a means of money laundering, finance terrorists, inflating bubbles, etc. I think it is excessive, because in fact it is a technical thing that can be anticipated by law.
Bitcoin was originally modeled for financial transactions, the developers of Etherium managed to implement a peer-to-peer network, in which programmed algorithms can be executed. They are called smart contracts.
Unfortunately many people think that blockchain can only be used bitcoin and other cryptocurrency, whereas blockchain is a good thing to use for all transactions such as online sales, transactions in banks, transactions at ports and so on.
Blockchain not just about bitcoin and virtual currency, at least this is happening in my country (Indonesia), the latest news that the General Directorate of Taxes provides taxation services by adopting blockchain technology. They believe that blockchain technology can be a more transparent taxation solution in Indonesia.
In my opinion, bitcoin with its blockchain technology has many positive impacts on the world economy. Technology blockchain banks in the world is only a matter of time. Banks that have implemented Blockchain on their systems include the Royal Bank of Canada (RBC). They developed a distributed ledger technology (DLT) system based on Blockchain technology, and named Hyperledger.
Bank OCBC has also used Blockchain technology to transfer funds between OCBC branch offices in Singapore and Malaysia. The money transfer process takes only about 5 minutes.
Bank Santander. The British bank has also started using Blockchain technology in its services. Bank Santander uses Blockchain technology to service payments abroad, through new applications.
This means the world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Let's discuss this, share information about the development of bitcoin and blockchain you know, and express your opinion about it here, the results I expect from this discussion, can reinforce the existence of bitcoin.
In my opinion, bitcoin with its blockchain technology has many positive impacts on the world economy. Technology blockchain banks in the world is only a matter of time. Banks that have implemented Blockchain on their systems include the Royal Bank of Canada (RBC). They developed a distributed ledger technology (DLT) system based on Blockchain technology, and named Hyperledger.
Bank OCBC has also used Blockchain technology to transfer funds between OCBC branch offices in Singapore and Malaysia. The money transfer process takes only about 5 minutes.
Bank Santander. The British bank has also started using Blockchain technology in its services. Bank Santander uses Blockchain technology to service payments abroad, through new applications.
This means the world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Let's discuss this, share information about the development of bitcoin and blockchain you know, and express your opinion about it here, the results I expect from this discussion, can reinforce the existence of bitcoin.
Of course a lot of people know that Blockchain goes beyond bitcoin but the one that is easy to understand is the language of money that's why it seems that concentration is on the part that can bring in USD. Do you also know that a lot of people cannot even explain concisely the difference between Blockchain and bitcoin and so vast in the art of trading, ICOs, legalisation of bitcoin, SEC message, what Warren or Gate said etc.
I have read about quite an amount of development of blockchain atleast at it relates to accounting. I read about EY establishing blockchain centres around the world showing the practical ways it can be implemented in business decisions. Their counterpart PWC announced they are launching blockchain audit service for their clients that have started using it without disclosing which of their client. All of these point to the fact that the technology has come to stay and despite the attention focused on bitcoin part, it does not remove the efficacy of the technology behind it.
Blockchain and bitcoin are two different things, bitcoin is using blockchain technology, and since then a lot of people already interested in this technology, some countries already started to do research on blockchain to optimize the usage, if it uses properly it can solved many things in the country, so blockchain is not only can be implemented in economic sector but in it can be used in any sectors
Blockchain not just about bitcoin and virtual currency, at least this is happening in my country (Indonesia), the latest news that the General Directorate of Taxes provides taxation services by adopting blockchain technology. They believe that blockchain technology can be a more transparent taxation solution in Indonesia.
In my opinion, bitcoin with its blockchain technology has many positive impacts on the world economy. Technology blockchain banks in the world is only a matter of time. Banks that have implemented Blockchain on their systems include the Royal Bank of Canada (RBC). They developed a distributed ledger technology (DLT) system based on Blockchain technology, and named Hyperledger.
Bank OCBC has also used Blockchain technology to transfer funds between OCBC branch offices in Singapore and Malaysia. The money transfer process takes only about 5 minutes.
Bank Santander. The British bank has also started using Blockchain technology in its services. Bank Santander uses Blockchain technology to service payments abroad, through new applications.
This means the world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Let's discuss this, share information about the development of bitcoin and blockchain you know, and express your opinion about it here, the results I expect from this discussion, can reinforce the existence of bitcoin.
In my opinion, bitcoin with its blockchain technology has many positive impacts on the world economy. Technology blockchain banks in the world is only a matter of time. Banks that have implemented Blockchain on their systems include the Royal Bank of Canada (RBC). They developed a distributed ledger technology (DLT) system based on Blockchain technology, and named Hyperledger.
Bank OCBC has also used Blockchain technology to transfer funds between OCBC branch offices in Singapore and Malaysia. The money transfer process takes only about 5 minutes.
Bank Santander. The British bank has also started using Blockchain technology in its services. Bank Santander uses Blockchain technology to service payments abroad, through new applications.
This means the world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Let's discuss this, share information about the development of bitcoin and blockchain you know, and express your opinion about it here, the results I expect from this discussion, can reinforce the existence of bitcoin.
Everybody who knows how blockchain works are well aware that this technology is not just for Bitcoin and virtual currency.We know that this technology will help many sectors in society. I actually read that one province in India uses blockchain as its ledger.
I can see in the future that more countries and companies will convert to block chain. They will soon understand the benefits of using the blockchain technology.
Today Blockchain is widely used in many jobs. So BTC is not the only platform for Blockchain technology. We can see that many trading and service activities are based on the Blockchain platform.
That's good to hear about Indonesia. The world is definitely heading in this direction, and more tools are needed to help crypto adoption and transparency.
thanks. I agree with you. soon it will become a trend. both in government and banking. and will have a positive effect on the world economy. it looks like your name is very familiar with the development of a project. are you a developer? The world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Blockchain would be the tech that would change how the world handles things.
I a gree with you. Bitcoin and Blockchain are now very popular. just a matter of time, for everything to come true.Blockchain would be the tech that would change how the world handles things.
Blockchain is a very vast subject.Basically it is a tech which is decentralized,tamper proof.In short,it is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
and did you know, that blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.The reason why blockchain was know to everyone as of today is because Bitcoin and altcoins was the most popular thing that started using it and because of this when they heard blockchain then the first thing that comes out to their mind is Bitcoin of course. Well technologies has many uses today and sometime they function more than of what we know.
it is true. Bitcoin and Blockchain are two things that can not be separated.
That's good to hear about Indonesia. The world is definitely heading in this direction, and more tools are needed to help crypto adoption and transparency.
The reason why blockchain was know to everyone as of today is because Bitcoin and altcoins was the most popular thing that started using it and because of this when they heard blockchain then the first thing that comes out to their mind is Bitcoin of course. Well technologies has many uses today and sometime they function more than of what we know.
Blockchain is a very vast subject.Basically it is a tech which is decentralized,tamper proof.In short,it is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
The world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.
Blockchain would be the tech that would change how the world handles things.
Blockchain would be the tech that would change how the world handles things.
talk about bitcoin, then not just talk about Indonesia, but I like your way of thinking. some time ahead, more and more shows about bitcoin, crypto and blockchain are being held in Asia, in the form of education, seminars and workshops, there are even some friends who introduce bitcoin to small communities from cafe to cafe. This means users are very active in introducing bitcoins. just waiting for the time for bitcoin to be legal and can be used in general.
of course not, I do not intend to focus too much on a country. We agree, I am on the same side as you. that Bitcoin does not belong to one country, that blockchain is a safe technology popularized by bitcoin.Will it be a centralized blockchain or a decentralized one? I cant see how it would be more cost effective except if it is a centralized database. Decentralization costs much more as we have regrettably learned lol.
I am interested in your sentence, "Centralized Bitcoin and Decentralized one". please explain, is this different between blockchain used by bitcoin with blockchain adopted by others?
... But in my opinion, I still doubt the bitcoin if used because bitcoin is still a tech product that still needs much improvement. ...
Are you sure? sorry if i misunderstood your sentence. does this mean, do you think Bitcoin has many weaknesses to become crypto currency? can you explain in detail, the reason you doubt Bitcoin? Will it be a centralized blockchain or a decentralized one? I cant see how it would be more cost effective except if it is a centralized database. Decentralization costs much more as we have regrettably learned lol.
I would be very grateful if you would share with us, please share something you have learned, so that I and other friends who can understand like you. People would gladly accept the tech but bitcoin? It still has a long way to go IMO.
At least governments(at least some) recognized the presence of bitcoin and legalized it as an asset/digital money that helps in money trannsfer(or as a speculative tool for some). As of the moment many countries are seeking to use the blockchain tech and apply it into many fields which really shows that people gladly accepted blockchain.Will it be a centralized blockchain or a decentralized one?
They are definitely looking for a centralized blokchain. They don't want decentralization.absolutely right. the blockchain is not only a field of about crypto. very nice blockchain system to be applied in a variety of ways. because the system itself is very useful blockchain of so many things at this time regarding the game, banks, and many more to adopt it blockchain.
Yes, blockchain is not only limited to cryptocurrency. It can be used in banking and financial sector foe settlement and clearing, payments and KYC purposes. Most of the uses of blockchain are available in the form of smart contracts. With the help of blockchain technology, smart contracts can be made more secure. Blockchain can be useful in the field of AI also. Since blockchain technology can guarantee the accuracy of data, it can be useful in many Artificial Intelligence (AI) applications, for entering the data into the AI systems and for recording the results from them. Blockchain provides a bookkeeping platform that ensures transparency, cannot be corrupted, and bypasses censorship. By tackling such issues, blockchain technology has a huge potential for protecting the human rights of the people.
very interesting, simple; safe, fast, cheap, and transparent.They are definitely looking for a centralized blokchain. They don't want decentralization.
They like the decentralization aspect, but only to a certain extent. That extent is that there is only one single authority (they themselves) being able to modify block data, where malicious modification attemps by hackers and wrong intended individuals and whatnot won't stand a chance. The only thing is that we don't know how wrong intented the single authority is that can modify block data whenever it feels it needs to do so, which is why I never trust these initiatives. Centralized parties aren't trustworthy already, and that won't change when they shifted over to the blockchain completely. If it isn't completely decentralized and thus immutable, it aint good.
From taxation agencies, banks, as you mentioned earlier, are indeed related institutions and governments are beginning to accept blockchain, even according to news stories I read from various sources say that blockchain is indeed being researched and ready to revolutionize in various fields. The technology behind the bitcoin is indeed worth our appreciation for being able to create an efficient system. But in my opinion, I still doubt the bitcoin if used because bitcoin is still a tech product that still needs much improvement. I think new blockchain that deserves to be legalized and needs to be immediately adopted in various fields.
They are definitely looking for a centralized blokchain. They don't want decentralization.
They like the decentralization aspect, but only to a certain extent. That extent is that there is only one single authority (they themselves) being able to modify block data, where malicious modification attemps by hackers and wrong intended individuals and whatnot won't stand a chance. The only thing is that we don't know how wrong intented the single authority is that can modify block data whenever it feels it needs to do so, which is why I never trust these initiatives. Centralized parties aren't trustworthy already, and that won't change when they shifted over to the blockchain completely. If it isn't completely decentralized and thus immutable, it aint good.
Jump to: