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Topic: Does anyone here Know about the reason the development of blockchain technology (Read 161 times)

sr. member
Activity: 504
Merit: 250
As far as I know Blockchain technology was created to facilitate transactions from one person to another with no restrictions on government and country regulations with a peer-to-peer system and has a history that can be seen by anyone but cannot be changed, with an anonymous basis that maintains the confidentiality of the sender and recipients, with very fast transactions, and this was created because some people find it difficult to convert currencies in one country to another and bank shipments are too complicated with confusing procedures

Yeah, Blockchain is a modern technology that will facilitate us doing any transaction in this modern era. It's also a safe technology, because blockchain has a good security system. Blockchain is a very helpful and an easy technology.
full member
Activity: 490
Merit: 100
As far as I know Blockchain technology was created to facilitate transactions from one person to another with no restrictions on government and country regulations with a peer-to-peer system and has a history that can be seen by anyone but cannot be changed, with an anonymous basis that maintains the confidentiality of the sender and recipients, with very fast transactions, and this was created because some people find it difficult to convert currencies in one country to another and bank shipments are too complicated with confusing procedures
member
Activity: 249
Merit: 13
dApps Development Automation Platform
Hey people, does anyone here know about the public ledger created by the blockchain technology and it’s various usage.


Of course, the question should not even be asked, this forum is all about the blockchain and every ICO published here is a use case for the technology, that is, except the scammy ones that normally are easy to spot.
copper member
Activity: 78
Merit: 0
Hey people, does anyone here know about the public ledger created by the blockchain technology and it’s various usage.


Hey Helen, We are doing something new with blockchain , we are creating a trading platform for commodities, check out us : website link
legendary
Activity: 1526
Merit: 1034
No. Absolutely none of us have any idea what blockchain technology is. Are you sure you're in the right forum? This sounds like a bunch of nonsense to me! Perhaps you could enlighten us, OP?
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
Hey people, does anyone here know about the public ledger created by the blockchain technology and it’s various usage.

I think the best reason why blockchain technology was developed was with blockchain one can have self executing and enforcing contracts on the blockchain which cannot change after execution.
newbie
Activity: 40
Merit: 0
The sole reason would be decentralized money. There are some few more namely low cost transaction, Transparency, Security, No third party i.e. banks. etc.
hero member
Activity: 924
Merit: 506
Hey people, does anyone here know about the public ledger created by the blockchain technology and it’s various usage.

I might be able to help you with what you're looking for, Though I'm not very versed in this area of technology, But I can say something about the concept behind this technology we call blockchain.
Public ledgers like bitcoin are essentially here to decentralize the monetary systems of our world.
Do you know what that means, To decentralize the banking system? Before bitcoin, Only banks could store and transfer money, Now everyone can do that without ever having to use a third party service.
We can be our banks using bitcoin or other coins like it.
newbie
Activity: 149
Merit: 0
Hey people, does anyone here know about the public ledger created by the blockchain technology and it’s various usage.
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