Topic: Blockchain technology (Read 158 times)

Yea blockchain is a big know how and now more and more people realize it,  i think we will see results very soon.

Central banks using blockchains is not good news for bitcoin.

I agree with you in that 2017 saw a lot of attention on the technology behind bitcoin and how it can be useful.  I think this year this interest will grow and we will see many of our existing comoany using blockchain whether they announce it or not.

Bitcoin probably will not operate when there is no blockchain. Blockchain technology is essential for bitcoin performance as an accurate data storage. Maybe the government if implementing the blockchain system will have a good impact for the community.

Yes, blockchain technology is indeed the 'hot' topic
these days and we have seen companies like IBM,
Microsoft take advantage of it.

Even Mark Zuckerberg recently mentioned about
cryptocurrencies in his post which indicates that
these companies are certainly keeping tabs on
the blockchain technology.

The most discussed technology at this time is Blockchain. Advanced transactions, privacy protection is very popular. Some of these banks are now using this technology.

this year will create more successful and efficient blocking and bitcoin capitalization will fall and be supported only by those who own huge reserves.

the blockchain can be called in the world, it is Bitcoin's Backbone. and we all know that the founder of Bitcoin is satoshi nakamoto.. to me this bitcoin means cryptocurrency is the best wallet that is the blockchain.. in many places it is said to edit GOLD, such as for example US. Why not just Microsoft, IBM why not be a company i know everyone will have to give this verdict on behalf of Bitcoin.

What is Blockchain Technology?

Blockchain, the original name of a block chain, is a hierarchical database that stores information in blocks of information that are interconnected by encryption and expands over time. Information about the time of initialization and linked to the previous block, including a time code and transaction data. Blockchain is designed to resist the change of data: Once the data has been accepted by the network there is no way to change it.

Yes Dot.Net framework 5.3 will include a already rolled block-chain in the
System.Data Namespace and then every programmer will be coming up with excuses to use the
new toy just like they did about 15 years ago with Microsoft Message Queue (MMQ)

Soon I am sure you will be running your own block-chain on a cloud so if you upload anything
they can proves it was you if you break the law and try to delete any incrimination evidence later
and if you knew how to navigate around the Microsoft windows registry then you would understand
just what I am saying here.

 

What is your point? Many people talk blockchain this blockchain that but only few understand how does it work and how does it operate. Even when some companies change their name to something plus blockchain their stock prizes raise.

Please tell us what's your point of this post as I do believe that others know this. Microsoft and others are looking to offer a service with these, why not when it will generate income to their companies. This is totally separated from bitcoin as those services are not tied with crypto currency and it's decentralization,  will you let your data be on Microsoft BaaS or will you give community to keep blockchain decentralized.

Please lets not get ahead of ourselves because a simple block chain which is a fantastic concept
is nothing more than a link list of ledgers using hash codes to prove that data has not been changed.

I could knock something like this up in a hundred lines of code making use of the mega bloated
Dot.Net framework that comes with C# in windows (Programmers pick from menus now) and I could
even calculate how this would scale and I am sure the Bitcoin developers would had known this eight
years ago.

Replicate of the data offers redundancy but it does not provide anything that can scale and for that
you need distributed processing that they forgot to bake in to the cake all them years ago and now the
foundations are cracking as would be expected.

The good news is that both myself and other who have already solved this issue which will ensure the survival
of the block-chain but alas Bitcoin won't be around because people want transactions "On Block" not "Off block"
and what is being proposed with the lightning network (LN) is much like introducing CPU-Wars to solve a simple
problem of producing a coin that others have solved without having to create global warming

banking hubs in LN is centralization to some degree which ever way you look at it because this every hub for
himself just does not work so my advise to you is don't look down because this horse we are ridding only has
three legs
 

While the e-money market is plunging into a sellout wave, blockchain technology shows a lot of potential in 2018.

In 2017, we see some big names in the tech industry joining the blockchain. In addition to Microsoft and IBM, Oracle has announced that it will launch a cloud-based blockchain (BaaS) service in October. Due to the dramatic increase in bitcoin, many central banks have also entered the market and deep research on this technology.